Greater transparency in cross-border payments: SWIFT gpi
One of the many innovations that change cross-border payments is the initiative Global Payments Innovation (GPI). With GPI the organisation SWIFT introduced a new service designed to improve and accelerate international payments which has been demanded for years.
Creating globally uniform payment formats
For years financial institutions and other market participants have been employing uniform European payment solutions. As an important next step on the way to a global uniform payments infrastructure the Eurosystem has decided to replace the SWIFTNet-FIN messages (MT messages) used for TARGET2 payments with XML-based MX messages.
New parameters in cross-border payments
Meeting the challenges of digital transformation
The payments sector has been going through changes for years, and now cross-border payments are the subject of major changes as well. They have been driven by new regulations and modern technologies. In our white paper on cross-border payments we look at all relevant topics and outline possible scenarios.