Super-swift SWIFT
September 23, 2019

SWIFT has today announced the launch of a new service to deliver global instant payments by integrating gpi, the cross-border payments service with real-time service levels, into domestic instant payments systems around the world.

Through a combination of gpi and domestic real-time payments networks, SWIFT, together with gpi banks, will facilitate instant international payments with upfront fee and foreign exchange transparency for senders, while also ensuring ubiquitous availability of instant cross-border payments globally.

SWIFT says these major advances will extend the speed and transparency of gpi deeper into domestic markets, enabling banks to leverage their existing investments to deliver a better service to their customers. Integrating gpi, through banks, into domestic real-time payment systems reuses existing cross-border and domestic payments infrastructure, thereby minimizing implementation costs and avoiding the complexities of adopting new infrastructure.

The service will be available to all types of banks' end customers, from large multi-nationals to SMEs, and from retail to e-commerce platforms. It will ensure they all reap the benefits of a service that gives speed, up-front clarity on fees and, crucially, predictability on when an end beneficiary's account will be credited.





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SWIFT has today announced the launch of a new service to deliver global instant payments by integrating gpi, the cross-border payments service with real-time service levels, into domestic instant payments systems around the world.

Through a combination of gpi and domestic real-time payments networks, SWIFT, together with gpi banks, will facilitate instant international payments with upfront fee and foreign exchange transparency for senders, while also ensuring ubiquitous availability of instant cross-border payments globally.

SWIFT says these major advances will extend the speed and transparency of gpi deeper into domestic markets, enabling banks to leverage their existing investments to deliver a better service to their customers. Integrating gpi, through banks, into domestic real-time payment systems reuses existing cross-border and domestic payments infrastructure, thereby minimizing implementation costs and avoiding the complexities of adopting new infrastructure.

The service will be available to all types of banks' end customers, from large multi-nationals to SMEs, and from retail to e-commerce platforms. It will ensure they all reap the benefits of a service that gives speed, up-front clarity on fees and, crucially, predictability on when an end beneficiary's account will be credited.



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