SWIFT hooks up first fintech to new gpi payments standard

Ebury has become the first fintech to go live with SWIFT’s global payments innovation (gpi), a new payments standard.
The cross-border payments firm joins a host of traditional banks and corporates from around the world. Among the benefits of gpi is transaction speed: half of gpi payments are credited within 30 minutes, many within seconds, and almost 100% within 24 hours. Moreover, payments can be tracked globally in real-time, while also being transparent about the banks involved in the payment chain and any fees deducted.

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