SWIFT: A quarter of all cross border payments now over gpi

More than 165 banks signed up, with 100 currencies and 350 country corridors in operation as service rapidly gains traction
SWIFT announces today that just 15 months after the service launched, 25% of all SWIFT cross border payment traffic is being sent over the global payments innovation (gpi). SWIFT gpi, the most transformational change in cross-border payments in 30 years, dramatically enhances the customer experience by increasing the speed, transparency and end-to-end tracking capability of payments. It is set to be the standard for all cross-border payments made on the SWIFT network by the end of 2020. Read more…