18 December 2018

SWIFT gpi breaks 50% barrier

Less than two years since launch, gpi captures over half of cross-border SWIFT flows

Brussels, 18 December 2018 - During 2018, SWIFT’s gpi payments service continued to radically transform correspondent banking. With the support of hundreds of financial institutions, including the world’s 60 biggest banks, it is now being used to send hundreds of billions in payments every day – more than half (55%) of SWIFT’s cross-border traffic.

Read the full press release (PDF)

gpi

SWIFT global payments innovation (gpi)

Global banks are working together to make a dramatic change in cross-border payments.

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