Swift is offering an international payment tracker, which allows corporate users to track cross-border payments in real time via their banks as part of its global payments initiative (gpi). After businesses complained they were unable to access payment updates, they can now view each stage of a payment's journey and receive confirmation of when the money has reached its destination. Twelve banks have gone live with the gpi technology since 1998, with many more expected to adopt it in the near future.
Swift is offering an international payment tracker, which allows corporate users to track cross-border payments in real time via their banks as part of its global payments initiative (gpi). After businesses complained they were unable to access payment updates, they can now view each stage of a payment's journey and receive confirmation of when the money has reached its destination. Twelve banks have gone live with the gpi technology since January, with many more expected to adopt it in the near future.