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Instant cross-border SWIFT gpi payments test a success

Instant cross-border SWIFT gpi payments test a success

GPI,
21 October 2018

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.

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Instant cross-border SWIFT gpi payments test a success
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