Swift gpi

Swift gpi is a global Swift initiative that was launched to make real-time payments. This service has dramatically improved the experience of cross border payments, greatly increasing their speed, transparency and tracking.

Over 4,400 financial institutions have now signed up to Swift gpi.

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.

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.

Transparency

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

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

Certainty

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

With Swift gpi tracker, 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.