SWIFT global payments innovation (gpi)

Real value. Right now.

Banks around the world are mobilising to create a fast and frictionless cross-border payment experience.
By embracing SWIFT gpi – the new standard in global payments – banks are now sending and receiving funds quickly and securely to anyone, anywhere in the world, with full transparency over where a payment is at any given moment. SWIFT gpi dramatically improves cross-border payments across the correspondent banking network, and not least for corporates for whom speed, certainty and a smooth international payments experience is an absolute must.
Banks, corporates and market infrastructures around the world are leading the way in making gpi the new norm, so don’t be left behind. 

Fast, traceable and transparent cross-border payments

As a corporation, we understand your reliance on efficient cross-border payments processing – with speed, certainty and fee transparency all key elements to running effective treasury and cash management processes.
Today, SWIFT gpi has transformed the cross-border payments experience for corporations, enabling you to reduce payment investigations, improve supplier relationships, speed up invoice reconciliation and ultimately achieve greater capital efficiencies.
The service is now live with over 100 billion USD sent every day via gpi – so you can already benefit from the service through live gpi member banks. SWIFT gpi already accounts for over 30% of total SWIFT end-to-end cross-border payments and will be the standard for all such payments by the end of 2020. 

Enabling treasury efficiencies

As a corporate treasurer, once you have sent cross-border payment instructions to your bank, you typically have no sight on what actually happens with that demand or the final amount credited to the beneficiary. This can lead to problems with suppliers or end-customers and increase financial risks resulting from payment delays.
Today, SWIFT gpi has transformed treasurers’ cross-border payments experience, by:

• Enabling end beneficiaries to be credited in minutes
• Allowing payments to be tracked from start to finish, like a parcel
• Offering transparency on bank fees & FX rates;
• Ensuring remittance data remains unaltered

With SWIFT gpi your cross-border payments processing will become much more efficient, shortening your supply cycles, speeding up your critical payments to minutes and reducing your exposure to FX risks. For the first time you will have a real-time, end-to-end, view on your cross-border payments flows, allowing to improve also your cash forecasting and optimize your liquidity. And gpi enables your banks to send you a confirmation notice when the money reaches your recipient’s account – providing certainty that the beneficiary has been credited.