swift_gpi

SWIFT Global Payment Initiative

Fast, transparent and traceable cross-border payments

SWIFT Global Payment Initiative

Fast, transparent and traceable cross-border payments

At a Glance
SWIFT global payments innovation (gpi) speeds up cross-border payments with real-time tracking and credit data.
users

Traceable real-time

Get notified when your supplier/beneficiary’s account has been credited

time

Faster

Same-day use of funds for your cross-border payments. Subject to the cut-off time of receiving bank

objects

Transparent

Credited amount and FX rates applied are readily available

Features & Benefits
access

Access information easily

Through end-to-end cross-border payments tracking now available in Singapore, Hong Kong, Mainland China, Taiwan, Indonesia and India

business

Increase your efficiency

Better cash management and faster turnaround time

money

Get payment status in real-time

Know when funds are received by Beneficiary or if payments are still being processed

details

Input remittance details

Include up to 140 characters of remittance information to help your beneficiary know the payment details

How to Apply

Call us on 400 821 8881 or visit any of our Branches for more details. You may also email us and arrange our Relationship Manager to call you.

FAQs
How fast will SWIFT gpi process cross-border payments?

SWIFT gpi is required to process or notify the status of your cross-border transactions within 4 hours.

How can I use SWIFT gpi?

SWIFT gpi is a default mode in your outgoing payments. All eligible cross-border payments will be routed through gpi.

What are the participating banks?
How do I trace my cross-border payments?

You can trace your SWIFT gpi transactions status through IDEAL.

  1. On DBS IDEAL, navigate to Accounts, followed by Activities
  2. Search by Transaction Details (For e.g. Debit Amount, Customer Reference)
  3. Click on Report for: Payment Status and MT103 copy