Now’s the time to go live on gpi

As part of SWIFT’s annual mandatory Standards MT Release, from 18 November 2018 all banks will be required to include the unique end-to-end transaction reference (UETR) in their payment instructions – irrespective of whether or not they have adopted gpi or are executing gpi payments.

SWIFT Standards MT Release 2018Standards MT Release 2018

This community wide action will give gpi banks full end-to-end tracking of all their payment messages quickly and efficiently, bringing even greater transparency and cost reduction.

So now’s the perfect time to go-live on SWIFT gpi – don’t just upgrade your systems just to meet the standards release, implement gpi at the same time, reduce your costs and offer a transformed cross-border payment service for your customers.

SWIFT Standards MT Release 2018

Find out more about the mandatory use of the UETR: