21 October 2018

Instant cross-border SWIFT gpi payments test a success

SWIFT successfully trials instant cross-border payments service using the New Payments Platform, together with banks in Australia, China, Thailand and Singapore.

Sydney, 21 October 2018 - SWIFT announces successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia.
The trial successfully demonstrated that by enabling gpi in real-time domestic systems, payments can be effected almost instantly, even when they involve domestic settlement and non-gpi banks.

Instant cross-border SWIFT gpi payments test a success

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21 October 2018

PRESS RELEASE - SWIFT successfully trials instant cross-border payments service using the New Payments Platform, together with banks in Australia, China, Thailand and Singapore.

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