Fast, traceable and transparent cross-border payments
As a corporation, we understand your reliance on efficient cross-border payments processing – with speed, certainty and fee transparency all key elements to running effective treasury and cash management processes.
Today, SWIFT gpi has transformed the cross-border payments experience for corporations, enabling you to reduce payment investigations, improve supplier relationships, speed up invoice reconciliation and ultimately achieve greater capital efficiencies.
The service is now live with over 100 billion USD sent every day via gpi – so you can already benefit from the service through live gpi member banks. SWIFT gpi already accounts for over 30% of total SWIFT end-to-end cross-border payments and will be the standard for all such payments by the end of 2020.
Nearly 50% of SWIFT gpi payments are credited to end beneficiaries within 30 minutes and over 90% of gpi payments are credited within 24 hours
With gpi you have a real-time, end-to-end view on your cross-border payments and receive a confirmation the instant your beneficiary has been credited
With gpi you have full visibility over the bank fees charged and FX rates applied to your cross-border payments