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Double digit growth in SWIFT message volumes as gpi uptake soars

Double digit growth in SWIFT message volumes as gpi uptake soars

Company Information,
23 January 2019

SWIFT’s figures show an average of 31.31 million messages a day in 2018 as its annual traffic rose to an all-time high of over 7.8 billion. This marks an 11.3% increase on 2017 – and a 56% increase over the last five years.

Traffic growth was driven by the mass adoption of SWIFT gpi – which now accounts for over half (55%) of cross-border payment instructions carried on the network, only two years since its launch. 

Growth in SWIFT’s payments traffic was strong in all regions as well as in domestic and cross-border segments. The cooperative also recorded a new peak traffic day in 2018, processing 35.22 million FIN messages on 31 May 2018.

Read the full press release (pdf)

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