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 ...

After a successful year-long pilot phase, the new Swift global payments innovation (gpi) messaging platform is now live, but it still has some way to go before meeting Swift’s aspiration of it being ...

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 ...

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 ...

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 ...

SWIFT gpi has been rapidly adopted since its launch last year, and is now being used to send more than a million payments every day with a combined value of well over $100 billion. Building on the ...

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 ...

CANBERRA, Australia, WELLINGTON, New Zealand and KUALA LUMPUR, Malaysia, June 26, 2018 /PRNewswire/ -- The SWIFT Community is to universally adopt the gpi service, in a move which will see all 10,000 ...

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 ...

- 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 ...