The Global Payments Innovation service now moves 55 percent of Swift's cross-border transactions as it nears its second anniversary. The GPI is an initiative to improve standards, policies and ...

Can SWIFT GPI act as a saviour to correspondent banking which is facing extinction due to disruptive Blockchain payments- RippleNet? Both systems have its pros and ...

If competitors continue to seek ways to one-up the Society for Worldwide Interbank Financial Telecommunications messaging system for cross-border transactions, there is mounting evidence — and numbers ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. 65% of cross-border payment messages by Swift members were ...

Global interbank messaging giant SWIFT has revealed it will allow blockchain firms to make use of its Global Payments Innovation (GPI) platform for near real-time payments. In a report published late ...

It is no secret that cross-border payments have been historically laden with problems of delays and errors, unclear payment status and fees. To address these issues, Swift launched the global payments ...

On Jan. 30, major global banking payments network SWIFT announced it plans to launch a proof-of-concept (PoC) of a gateway — titled GPI Link — that will allow blockchain software firm R3 to connect to ...

Financial messaging service SWIFT has announced the successful testing of its new instant cross-border payments proof of concept, alongside banks from Australia, China, Singapore, and Thailand. Having ...

NEW YORK--(BUSINESS WIRE)--Citi Treasury and Trade Solutions has successfully integrated SWIFT global payments innovation (gpi) into Citi’s Payment Flow Manager (PFM). SWIFT gpi is a new service which ...

Bitcoin advocates and companies like Ripple have long been critical of slow and expensive cross-border money transfer services provided by banks and other traditional firms. Ripple’s CEO Brad ...

KUALA LUMPUR, Malaysia, Aug. 23, 2018 /PRNewswire/ -- SWIFT today announces that it will start testing its new instant cross-border SWIFT gpi payments service in the Asia Pacific region. The service ...

- 50% of SWIFT gpi payments are credited in less than 30 minutes - Payments are being sent across 220 country corridors - New corridors are being opened every day - More than 100 billion USD in gpi ...