MT103 – Single Customer Credit Transfer
MT103 is also used in the form on MT103+ and MT103REMIT which facilitates straight through processing.
SWIFT MT1xx and MT2xx : Payments
SWIFT Message Type (MT) 1xx and Message Type (MT) 2xx are used for payment related messages.
International Trade Payments (SWIFT)
The volume of world trade payments is gigantic and the volume of SWIFT messages reached an all time high of 5 billion messages in 2013.