In today’s top news in digital-first banking, Revolut is introducing a new function in the U.K. that will offer access to direct deposits a day early, while SWIFT is rolling out a new offering for live international payments and transfers called gpi Instant. Plus, Aareal...
SWIFT, a global provider of secure financial messaging, announced a new service Thursday (Oct. 1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders. The Belgium-based cooperative said the initiative will enable customers to...
Cross-border transfers over SWIFT’s global payments innovation (gpi) topped $77 trillion last year, almost double the $40 trillion that moved through the service in 2018, SWIFT announced on Tuesday (Feb. 11). The payments messaging firm also said it had over 3,900 gpi members and that...
Cross-border payments still present challenges, but the landscape is changing rapidly. Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. A trial of the service included one test in which it delivered a payment from Singapore’s...
September 02, 2019
Reading lists should cut to the chase, pointing to what’s most urgent or cutting edge. PYMNTS offers dozens of reports, trackers and playbooks throughout the year, touching on everything from the gig economy to faster payments to fraud to cross-border commerce. It’s all a lot to take in, but here’s a list to get up to speed — quickly, of course.
October 01, 2020
SWIFT, a global provider of secure financial messaging, announced a new service Thursday (Oct. 1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders. The Belgium-based cooperative said the initiative will enable customers to make faster, easier, predictable and competitively-priced payments worldwide. It is […]
October 07, 2019
First Investment Bank (Fibank) is the first Bulgarian bank to offer the SWIFT Global Payment Initiative (gpi), according to a press release. SWIFT gpi provides fast international payments, and in...
July 17, 2019
More than 50 of the world’s largest companies have already started using a new service that enhances payment flows, allowing a single view of transactions across multi-banked corporates. SWIFT announced...
May 21, 2019
SWIFT announced Tuesday (May 21) that a group of banks are trialing instant gpi cross-border payments in Europe via the TARGET Instant Payments Settlement platform. In a press release, SWIFT...
