SWIFT to attract more banks

SWIFT, the leading provider of secure financial messaging services, plans to attract more Chinese banks to its new global payments innovation service, which it said enables banks to offer a faster, more transparent and traceable cross-border payments service.

SWIFT is promoting its GPI tracker which allows banks to provide corporate treasurers with a real-time, end-to-end view on the status of their payments, including confirmation when payments have been credited to beneficiaries' accounts.

SWIFT is a member-owned cooperative, headquartered in Belgium. Its messaging services are used and trusted by more than 11,000 financial institutions in more than 200 countries and territories around the world.