SWIFT-GPI-DETAIL

Reliable tracked SWIFT cross-border payment.

Definition

SWIFT gpi uses a UETR (Unique End-to-End Transaction Reference) UUID v4 in SWIFT block 121. Three services: gpi Customer Credit Transfer (gCCT), gpi Cover Payment (gCOV), gpi Tracker. 100% of SWIFT MT103 customer transfer traffic is gpi since November 2020.

Origin

Launched by SWIFT January 2017 ; gpi Tracker accessible to participating banks.

Example in context

A BNP Paribas to JPMorgan USD 1M transfer is tracked minute-by-minute via gpi Tracker, credit confirmed in 4h.

Related terms

• MT to MX — migration context.