Cross-border payments, transformed
In the area of payments, SWIFT is playing an active role in leading the industry towards faster and more transparent cross-border payments. With the introduction of SWIFT global payments innovation (gpi), an increasing number of cross-border payments are being sent using the new gpi standard, helping corporates grow their international business, improve supplier relationships, and achieve greater treasury efficiencies.
With SWIFT gpi, you get enhanced payments services from your banks, with following key features:
- Faster, same day use of funds
- Transparency of fees
- End-to-end payments tracking
- Remittance information transferred Unaltered