The Global Payment Innovation (GPI) Tracker is a service introduced by SWIFT (Society for Worldwide Interbank Financial Telecommunication) to enhance the transparency and visibility of cross-border payment transactions.

SWIFT GPI aims to improve the speed, efficiency and security of international payments by providing real-time tracking and status updates throughout the payment journey.
 

What are the benefits of the GPI Tracker?

Traditional cross-border payment processes can be time-consuming, opaque and fraught with uncertainty.

The GPI Tracker provides greater transparency and a more efficient way to track and manage international payments, reducing friction and improving your overall experience. 

1. Real-time tracking

Banks and financial institutions can track the progress of a payment in real time and see its location and status at various stages of the payment process.

2. End-to-end transparency

The GPI Tracker provides visibility at each stage of the payment process and includes information about intermediary banks, fees, and foreign exchange rates.

3. Faster resolutions

If there are issues or delays, the tracker helps to identify and resolve issues more quickly by pinpointing the exact location of the payment within the correspondent banking network.

4. Certainty of funds

Real-time tracking gives the sender and receiver greater assurance that the money's on its way and will be credited promptly.

5. Enhanced communication

The GPI Tracker gives the sending and receiving banks the same information about the progress of the payment which means that there's better communication between the two banks. 

6. Payment confirmation

The tracker can provide end-to-end confirmation when the funds are credited to the recipient's account

At Xe we use different routes to transfer your money quickly and efficiently. In some cases, we'll be able to provide a GPI Tracker for your transfer. You can learn more about the GPI Tracker here.