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). DBS said the Swift solution offered corporate customers online visibility to track transactions across 62 GPI banks globally. Swift said a survey of 300 treasury professionals found 54% of treasurers wanted real-time payments tracking and 42% wanted instant payments. The Straits Times
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). DBS said the Swift solution offered corporate customers online visibility to track transactions across 62 GPI banks globally. Swift said a survey of 300 treasury professionals found 54% 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.