Ensuring your money doesn't go missing via the Global Payment Initiative

Although it is extremely rare when making international payments for monies not to be where they should be, on occasion errors can be made.

In 2017 the Global Payment Initiative (GPI) was launched. This has made tracking payments for banks and financial institutions more effective and should also give the end user piece of mind that when making payments through the SWIFT system your transactions are fully traceable.

The Global Payment Initiative

A GPI tracker, also known as a Global Payment Initiative tracker, is a tool used by banks and financial institutions to track cross-border payments in real-time. The Global Payment Initiative was launched by a group of major banks in 2017 to improve the speed, transparency, and efficiency of cross-border payments. The GPI tracker allows banks to track the progress of payment throughout the entire payment chain, from the sending bank to the receiving bank, providing real-time updates on the status of the payment.

The GPI tracker aims to address common challenges in cross-border payments, such as the lack of transparency and visibility into payment processing, which can lead to delays, errors, and additional fees. By providing real-time tracking and payment status updates, the GPI tracker helps banks and their customers to identify and address issues more quickly, improving the overall efficiency and reliability of cross-border payments.

The GPI tracker is an important tool for banks and financial institutions involved in cross-border payments, helping to ensure that payments are processed quickly, accurately, and with full transparency.

A Solution

PathFinder FX can offer you different solutions and experience in SWIFT payments.

Book a demo with Tom to see how our online platform

• Can give you competitive rates.

• Provide visibility of your incoming and outgoing international payments.

• Allows you to set up forward contracts should you wish to mitigate your risk against forex volatility.