swift-global-payment-initiative-inward-telegraphic-transfer

Tracking Collections with SWIFT gpi

Fast, transparent and traceable cross-border payments

Tracking Collections with SWIFT gpi

Fast, transparent and traceable cross-border payments

At a glance

DBS Bank has launched real-time online tracking of cross-border collections to provide greater digital convenience to its corporate clients. 

Powered by SWIFT Global Payments Innovation (gpi), corporates will receive instant updates on where the funds are along the payment chain. With real-time visibility to incoming cash flows, corporates can better manage their cashflows.

Features & Benefits
visibility

Visibility of funds

Cashflow is the lifeblood of all businesses. Having the ability to access real-time status updates is vital

capital

Enhanced working capital forecasting

Brings efficiency in cashflow forecasting. Enables clients to send back-to-back payments

phone-with-tick

Proof that the payment has been sent

Receiving digitised proof of initiation means manual processes are eliminated  

How to apply

Simply call our DBS Business Care at 2290 8068 to fix an appointment or email [email protected]. Our Relationship Manager will be glad to assist you.

Already a DBS customer? 
Apply DBS IDEAL now.

FAQs
How can corporates enable inbound TT tracking?

SWIFT gpi tracking capability is available to all IDEAL customers who have the payment (Telegraphic Transfer) function.

How do I trace my cross-border collections?

You can trace your SWIFT gpi transactions status through IDEAL. 

  1. On DBS IDEAL, navigate to Payments, followed by Information for incoming transfers 
  2. Click on Report for Payment Status 
I want to be able to receive an alert from incoming funds. What should I do?

You can subscribe to alert at the user level for incoming payments. 

Get in touch
call

Call

DBS BusinessCare
Tel: +852 2290 8068
Operating hours: 
Mon to Fri – 9.00am to 6.00pm
Sat – 9.00am to 1.00pm
(excluding PH)