Study on Cross-Border Payment Systems (SWIFT vs. CIPS vs. UPI) – Indian Context
Adhiita Consultancy ServicesFinanceProject Objectives:
Cross-border payments are critical for global trade, remittances, and financial integration. This report analyzes three major payment systems
SWIFT (Society for Worldwide Interbank Financial Telecommunication) – The dominant global network.
CIPS (China’s Cross-Border Interbank Payment System) – A RMB-dominated alternative.
UPI (Unified Payments Interface) – India’s real-time domestic system expanding globally.
Objective: Compare efficiency, cost, speed, and geopolitical risks for India’s trade and remittance flows.
Project Tasks:
Research & Data Collection Gather transaction volumes (SWIFT/CIPS/UPI in India).
Interview bankers/FinTech experts on pain points.
Comparative Analysis Map processing times/costs for sample transactions.
Analyze RBI/NPCI policies on UPI globalization.
Case Study Development Study India-UAE UPI linkage (success factors).
Examine Russia-India CNY trade via CIPS.
Financial Modeling (Optional) Simulate cost savings if UPI replaces SWIFT for remittances.
Report & Presentation Use flowcharts (how each system works).
SWOT analysis table.
