SWIFT's Global Payments Initiative (GPI) service aims to transform the customer experience in making cross-border payments joyful. Corporates can now have the ability to access information through end-to-end cross-border payments tracking in Singapore and Hong Kong. Offering a faster, transparent and traceable cross-border payments, our customers can benefit by having an even more efficient cash management with a faster turnaround time. With this new solution, corporates can now know the status of their cross-border payments in real time, such as whether funds have been received by the beneficiary or whether the funds are still being processed. They will be able to know the amount being credited into the beneficiary account, foreign exchange rate applied and even the time taken for funds to be credited to the beneficiary.