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SWIFT rolls out gpi tracker for all as usage soars

SWIFT rolls out gpi tracker for all as usage soars

GPI,
23 October 2018 | 1 min read

Building on the success of gpi, SWIFT continues to enhance the service, and is introducing the ‘tracker for all’, making a standard version of the tracker available to all SWIFT customers.

Brussels, 23 October 2018, SWIFT gpi has been rapidly adopted since its launch last year, and is now being used to send more than a million payments every day with a combined value of well over $100 billion.

Building on the success of gpi, SWIFT continues to enhance the service, and is introducing the ‘tracker for all’, making a standard version of the tracker available to all SWIFT customers. From 2019, all banks on the SWIFT network – not just those signed up to gpi – will be able to trace and confirm their SWIFT payment instructions, and have visibility over their payment activity. The rollout will give all SWIFT customers end-to-end tracking, quickly and efficiently – bringing greater transparency and cost reduction. The introduction of the ‘tracker for all’ will prepare the entire industry for universal gpi adoption by the end of 2020.

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Press Release: SWIFT rolls out gpi tracker for all as usage soars
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