Swift bullish on future of cross-border payments

Tests of GPI system enhance speed and transparency

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Cross-border platform: Swift launched its global payments initiative, or GPI, in 2017

Global payment services provider Swift has said its new cross-border payments platform is coping with greater consumer demand for speed and transparency.

Luc Meurant, Swift’s chief marketing officer, told FX Week sister site Central Banking that payment system providers face a number of challenges. These include growing competition, managing shifting regulatory frameworks, growing compliance demands and an increase in international commerce. Customers are making more demands for “speed,

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