SWIFT starts the tracking of payments.
Interbank payment system, Swift announced the launch of a new tracker for tracking payments in real-time.
This tracker is part of a new Swift project GPI, it already enjoys more than 20 banks making cross-border transactions. Soon Swift GPI will join 50 financial institutions.
Swift GPI allows companies who are engaged in international trade, to obtain timely payment for the services or delivery of goods, which accelerates the process of marketing.
The innovative GPI-tracker provides a full review of payments in real time and sends the message when the money reach the recipient’s account. The tracker has an open API that makes it compatible with the banking systems around the world.
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