SWIFT Global Payments Initiative | DBS CN Corporate Banking

SWIFT Global Payment Initiative

Fast, transparent and traceable cross-border payments

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.

You can track the status of cross-border payments online in real time, just as convenient and fast as tracking express delivery

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

Credited amount and FX rates applied are readily available

Features & Benefits

Self-service inquiry and real-time tracking of cross-border payment status in online banking (IDEAL)

Better cash management and faster turnaround time

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

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?
	Find participating banks. Check the bank’s status and certification.

	How do I trace my cross-border payments?
	You can trace your SWIFT gpi transactions status through IDEAL. On DBS IDEAL, navigate to Accounts, followed by Activities Search by Transaction Details (For e.g. Debit Amount, Customer Reference) Click on Report for: Payment Status and MT103 copy

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