The digital transformation of cross-border payments

Cross-border payments, transformed

The digital transformation of cross-border payments

SWIFT gpi

The future of SWIFT gpi

With SWIFT gpi, you can meet the demands of today with the certainly that we’re innovating for tomorrow.

About SWIFT gpi

In today’s hyper-connected global economy, your corporate customers need a quick and reliable way to send and receive payments internationally. They need to be able to track a payment’s status end to end in real time, see all the costs involved, and be able to easily perform reconciliations.

With SWIFT gpi, the global banking community together with SWIFT have put in place a new standard for handling cross-border payments. Since 2017, SWIFT gpi ensures international payments meet the industry’s needs for speed and transparency. It allows banks to provide their corporate customers with an all-around improved payments experience enabled through easy to use and simple to set up digital tools.

We take a holistic approach to building the future of cross-border payments and work closely with banks, corporates, fintechs and others to develop new features and services that continually improve the payments experience. And as security and compliance are firmly embedded in our DNA, the network is strengthened through our Customer Security Programme and Financial Crime Compliance services.

Together we are protecting, shaping and enhancing our financial future.

A partner you can trust

You can trust SWIFT gpi to help you meet your needs for:

  • Speed – Your payment is credited same-day, usually in just minutes or seconds
  • Traceability – You can track your payment end-to-end in real time, like a parcel
  • Transparency – You can see all bank fees and FX rates
  • Certainty – You can be sure the remittance data remains unaltered

testimonial Enhancing the cross-border payments experienceEnhancing the cross-border payments experience

    Speed

    SWIFT gpi lets you make high-speed cross-border payments, timed in minutes or even seconds.

    Nearly 50% of gpi payments are credited to end beneficiaries within 30 minutes, and almost 100% of gpi payments are credited within 24 hours.

    This delivers immediate benefits to global trade – corporates globally can significantly shorten their supply cycles, ship goods faster and reduce their exposure to FX risks.

    gpi payments are fast

    Traceability

    SWIFT gpi lets you track the status of your payments from start to finish in real-time – like a parcel.

    This allows corporates to significantly improve their cash forecasting and liquidity optimization. And corporates can further speed up their supply cycles with instant credit confirmations.

    End-to-end tracking

    Transparency

    SWIFT gpi gives you transparency over the bank fees charged and FX rates applied to your cross-border payments.

    With gpi, the final amount paid to the beneficiary is confirmed in real-time, significantly increases the clarity companies have over their operational costs.

    Transparency of fees

    Certainty

    SWIFT gpi gives you certainty over the remittance information you send in your cross-border payment instructions.

    With gpi, the remittance data that corporates send with their payments is guaranteed to be unaltered when it arrives with the end beneficiary. Beneficiaries can then easily reconcile gpi payments against invoices, speeding up their supply cycles. 

    Unaltered remittance info

    Discover the value of SWIFT gpi for banks, corporates and market infrastructures.

    SWIFT gpi

    The future of SWIFT gpi

    With SWIFT gpi, you can meet the demands of today with the certainly that we’re innovating for tomorrow.

    Webinar
    5 June 2018
    08:30 BST

    SWIFT gpi: The new standard for cross-border payments

    Watch our recent (1 hour) webinar to find out how you and your clients can benefit from SWIFT gpi.

    Want more details about SWIFT gpi?

    Get in touch with our SWIFT gpi experts to get your questions answered.

    SWIFT gpi for banks

    Banks

    Transform your customers’ cross-border payment experience and reduce your costs.

    SWIFT gpi for corporates

    Corporates

    Pay for your international goods and services in minutes or seconds and track your payments.

    SWIFT gpi for MIs

    Market infrastructures

    Enable your community to take full advantage of SWIFT gpi.