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 ...

The Society for Worldwide Interbank Financial Telecommunication reports that its Global Payments Innovation system, which it launched two years ago, now handles more than a million payments a day.

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

WALNUT CREEK, Calif.--(BUSINESS WIRE)--PCBB is the first bankers’ bank serving community-based financial institutions across the U.S. to launch SWIFT global payments innovation (gpi) service. SWIFT ...

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 ...