SWIFT gpi

Traceable cross-border payments with SWIFT gpi

What is SWIFT gpi and how can it help your business?

While the cross-border payment landscape continues to improve due to the benefit of digital technologies, corporates and businesses remain concerned about issues such as payment traceability, payment delays and intermediary transaction fees. To address these issues, we leverage on SWIFT global payments innovation (gpi) services to provide a faster and more transparent cross-border payment solution accessible via Velocity@ocbc (Business Internet Banking) and OCBC Business Mobile Banking.

With SWIFT gpi, your business can benefit from

  • Real-Time Traceability

    Track your incoming and outgoing telegraphic and MEPS transfers easily with an end-to-end view on payment status using the UETR (Unique End-to-End Transaction Reference). Knowing if your supplier/beneficiary's account is credited enables better cash forecasting and decision making.

  • Faster Cross-border Payments

    Your beneficiary will receive cross-border payments within the same day*, shortening your supply cycles and reducing exposure to FX risks. Faster payments from your buyer also allow same-day use of your funds.

  • Payment Confirmation

    You can now confirm when your payments reach your supplier/beneficiary's account, enhancing trust in your business relationship with them.

  • Transparency on Fees

    Transparency on the total amount of fees and FX rates applied by beneficiary and intermediary banks aids in reconciliation.

*Typically payments made by banks on SWIFT gpi standard are received by the beneficiary within a day.

How it works

  • 1
    1
    Your company
  • 2
    2
    Velocity@ocbc or
    OCBC Business
    Mobile Banking

    Transact via Velocity@ocbc or OCBC Business Mobile Banking and track real-time payment status

  • 3
    3
    Intermediary Bank
  • 4
    4
    Beneficiary Bank
  • 5
    5
    Your supplier / beneficiary

Transparency on fees by providing full bank charges, FX rates applied and amount transferred.
  • 1
    1
    Your buyer
  • 2
    2
    Remitting Bank
  • 3
    3
    Intermediary Bank
  • 4
    4
    Velocity@ocbc or
    OCBC Business
    Mobile Banking

    Track real-time payment status via Velocity@ocbc or OCBC Business Mobile Banking

  • 5
    5
    Your company

Transparency on fees by providing full bank charges, FX rates applied and amount transferred.

SWIFT gpi information is dependent on gpi participation by banks

List of participating banks on gpi

See the list of Banks' live status and certification

Start tracking your payments via Velocity@ocbc or Business Mobile Banking

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Important information

  1. SWIFT gpi is a complimentary value-added service for transactions through Velocity@ocbc / OCBC Business Mobile Banking.
  2. SWIFT gpi information is dependent on gpi participation by banks.