MT103 is a SWIFT (Society for Worldwide Interbank Financial Telecommunication) message type used for single customer credit transfers. It's a standardized electronic message format banks use to instruct other banks to transfer funds to a beneficiary. It's the most common SWIFT message type for making international payments.
This tech insight summary was produced by Sumble. We provide rich account intelligence data.
On our web app, we make a lot of our data available for browsing at no cost.
We have two paid products, Sumble Signals and Sumble Enrich, that integrate with your internal sales systems.