HSBC Adopting SWIFT’s gpi as Service Continues to Gain Traction

[kreslik.news]

SWIFT’s global payments innovation (gpi) service has garnered a notable addition to its overall network, adding one of the world’s largest banks in HSBC. The SWIFT gpi continues to gain market traction in 2018, covering over 220 country corridors despite only being in service for a year.

HSBC is the latest addition to the gpi service, which now includes over fifty live venues utilizing its network. SWIFT’s gpi aims to increase the overall speed, transparency and traceability of cross-border payments for users, which in turn allows banks to credit payments to end beneficiaries within minutes.

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