Common Interview Questions: Now that the payments job market is booming and there are lot of interviews happening, I thought of compiling a list of questions that you might get in an interview. Note: This list is not exhaustive and must be used at the final stage of preparation. Most of these questions were directed at me during my years of being interviewed. If you know the answers to all of these, then you should be good 😊 What is SWIFT? Answer: SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It is a co-operative of banks that provide the infrastructure and standards for the exchange of payment messages, especially in the cross-border space. SWIFT has a proprietary message type called MT messages. What are the differences between SWIFT and SEPA? Answer: SEPA stands for Single Euro Payments Area which was created by the European Union to make the exchange of payment within the EU easy. SEPA deals with only payments in EURO currency. SEPA uses a version of the ISO20022 standard for the exchange of funds. You can now compare it with SWIFT What are the message types that you know? Answer: The most popular ones are SWIFT MT, … Continue reading Payments Interview Questions