The digital transformation of cross-border payments
In collaboration with the banking and corporate communities, SWIFT is designing additional payment services for delivering further enhancements in cross-border payments
International Payment Assistant service
Challenged by a multitude of different local payment practices, regulatory requirements and account number specifics, corporates lose a lot of time and money today when generating cross-border payments or in the delays incurred when a transaction is returned due to missing or wrong payment data.
The SWIFT gpi International Payment Assistant, available through SWIFT’s secure information layer in the cloud, would enable corporates to receive value added payment-related information related to all banks and market infrastructures involved in the transaction chain before actually sending the cross-border payment, hence improving operational efficiency, speed and customer satisfaction.
Click here to learn more about SWIFT gpi.