Klevo’s Fly Wallet Wins SWIFT Access to Connect Its Payments Platform Globally
Fly Wallet secures SWIFT network approval as Supervised Financial Institution
Klevo Rewards Limited (ASX: KLV) has announced that its wholly owned subsidiary, Fly Wallet Pty Ltd, has received approval to join the SWIFT network as a SWIFT user under the category of Supervised Financial Institution. The Klevo Fly Wallet SWIFT approval confirms that Fly Wallet has met the eligibility and regulatory supervision requirements necessary to participate directly within the SWIFT network.
The approval represents an important milestone in the development of Klevo’s rewards and payments ecosystem. Integration with SWIFT enhances Fly Wallet’s financial infrastructure and supports the continued expansion of KLV Pay and KLV Coins, the company’s digital wallet and rewards platform.
The capability is expected to strengthen Fly Wallet’s ability to support enterprise partners, merchants, and members across Australia and the Asia-Pacific region by enabling enhanced connectivity to global financial institutions and payment networks.
What is SWIFT and why does it matter?
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) network is a global financial messaging infrastructure used by banks and financial institutions worldwide to securely exchange payment instructions and financial information. Membership provides access to standardised financial messaging systems used across international banking and payments ecosystems.
For Fly Wallet, SWIFT membership signals institutional-grade infrastructure capability and positions the platform to interact directly with global financial institutions.
| SWIFT Feature | What It Means | Benefit for Fly Wallet |
|---|---|---|
| Global messaging network | Used by banks worldwide for secure communication | Direct access to international banking infrastructure |
| Standardised protocols | Common language for payment instructions and financial data | Seamless integration with existing financial systems |
| Supervised institution status | Recognition as a regulated financial entity | Enhanced credibility and regulatory validation |
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How SWIFT approval strengthens Klevo’s payments ecosystem
The approval connects directly to KLV Pay and KLV Coins platforms, with expected capability to support enterprise partners, merchants, and members across Australia and the Asia-Pacific region.
Expected benefits include:
- Enhanced financial infrastructure for Fly Wallet
- Improved connectivity to global financial institutions
- Strengthened enterprise partner support capabilities
- Expanded payment network access
The infrastructure milestone underpins commercial scalability and enhances credibility when engaging enterprise and merchant partners. By meeting SWIFT’s eligibility and regulatory supervision requirements, Fly Wallet has demonstrated its standing as a supervised financial entity within the global payments ecosystem.
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Strategic context and next steps
The approval aligns with Klevo’s broader strategy to build a next-generation rewards and payments platform. The company’s core platform components include digital wallets, card-linked rewards, and enterprise loyalty infrastructure designed to make everyday transactions more rewarding for consumers and businesses.
Company Positioning
“Klevo continues to focus on building a next-generation rewards and payments platform that combines digital wallets, card-linked rewards, and enterprise loyalty infrastructure to make everyday transactions more rewarding for consumers and businesses.”
The company has stated that further updates will be provided to the market as Klevo continues to expand the functionality and reach of the KLV Pay, KLV Coins, and Fly Wallet platforms. The SWIFT approval demonstrates execution on the company’s infrastructure roadmap and sets a foundation for future commercial announcements as platform capabilities expand.
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