What is SWIFT gpi?

SWIFT gpi (gpi stands for Global Payments Innovation) is a new initiative from SWIFT and was developed to improve the experience of making a payment via the SWIFT network for both customers and banks.

SWIFT gpi combines the traditional SWIFT messaging and banking system with a new set of rules. Any bank that joins gpi has to follow these rules, which include transparency of fees, end-to-end payment tracking, and confirmation of credit to the recipient's account.

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