Indian corporate customers of Singapore bank DBS can now see the real-time status of cross-border payments through a digital system powered by Swift Global Payments Innovation (GPI). Swift Global Payments Innovation said the treasury solution offered corporate customers online visibility to track transactions across 300 GPI banks globally. The future of payments: a corporate treasury perspective survey by SWIFT and Euro Finance gauged the views of 300 treasury professionals from corporations worldwide, ranging from SMEs to global corporations in 18 different industries in October 2017. Swift said a survey of 300 DBS professionals found 42% of treasurers wanted real-time payments tracking and 42% wanted instant payments. The Swift GPI system will allow customers to check the amount of a transaction, the foreign exchange rate used and where the funds are in the cross-border process.
Indian corporate customers of Singapore bank DBS can now see the real-time status of cross-border payments through a digital system powered by Swift Global Payments Innovation (GPI). Swift Global Payments Innovation said the treasury solution offered corporate customers online visibility to track transactions across 300 GPI banks globally. Swift said a survey of 300 DBS professionals found 42% of treasurers wanted real-time payments tracking and 42% wanted instant payments. The Swift GPI system will allow customers to check the amount of a transaction, the foreign exchange rate used and where the funds are in the cross-border process.