The digital transformation of cross-border payments
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
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.
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.
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.
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.