SWIFT gpi: A tested and future-proof industry solution
SWIFT gpi isn’t a proof of concept. It’s tried and tested by a community of over 3,500 financial institutions.
Every day, banks send the equivalent of over $300 billion in value via gpi. In 2018, that equated to $40 trillion.
With over 56% of all payments on SWIFT sent via gpi, we’ve reached a major tipping point in moving towards seamless global payments. We’re now aiming to bring the benefits of gpi – speed, tracking, transparency – to all SWIFT-connected financial institutions.
Moving towards global adoption of SWIFT gpi
By the end of 2020, all banks will be required to provide confirmations that funds have been credited to the beneficiary account. Find out more about why.
Universal adoption of gpi will create unique opportunities for further innovation, allowing banks to add more value for their customers, increase operational efficiency, and deliver a better customer experience all around.
We also have a bold and vibrant roadmap of new features for gpi, which will help banks on the path towards offering a frictionless cross-border payments service.
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Transform your customers’ cross-border payment experience by delivering fast payments that are fully trackable from end-to-end. Through gpi, banks can enhance their relevance within the fast-evolving international payments ecosystem by delivering immediate value to end customers. In addition, gpi increases efficiencies for bank payment operational teams, reducing overall costs.
SWIFT gpi has transformed the cross-border payments experience for businesses, enabling them to reduce payment investigations, improve supplier relationships, speed up invoice reconciliation and ultimately achieve greater capital efficiencies
For Market Infrastructures
Payment market infrastructures (PMIs) have a critical role to play in facilitating the end-to-end tracking of cross-border payments. Find out how you can enable your community to take full advantage of SWIFT gpi.