Swift aims to have all members using GPI system by late 2020
Corrected: Network wants to integrate all 10,000 banks into the cross-border payment system
Payment-messaging service Swift intends to link all 10,000 banks on its network into its enhanced cross-border payments service in the next few years.
Swift says it wants all banks on its network to adopt the global payments innovation service (GPI) by the end of 2020.
GPI allows all member banks to offer same-day international transactions, with greater transparency and more information on remittances, Swift said in a statement published on June 25.
Luc Meurant, chief marketing officer at
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