Swift global payments innovation (gpi)

Currently, once corporate treasurers have sent cross-border payment instructions to their bank, they typically have no sight on what actually happens with that demand or the final costs involved. This can, for example, lead to problems with suppliers or end-customers, as well as increasing financial risks resulting from payment delays.

Swift GPI is changing all this by delivering a new standard in international payments. Thanks to gpi, corporate treasurers can now receive a real-time, end-to-end view of their cross-border payments combined with a confirmation notice when the money reaches the recipient’s account. It also enables more accurate reconciliation of payments and invoices by suppliers, optimises liquidity with improved cash forecasts and reduces exposure to FX risks.

Now live, with more than 35 global transaction banks actively using the Swift GPI service.

Global corporates urge banks to use Swift GPI