Fast, transparent and traceable cross-border payments
At a Glance
DBS Bank has launched SWIFT global payments innovation (gpi) to provide near real-time tracking and enhanced traceability, bringing greater digital convenience to our SME clients.
Traceable real-time
Get notified when your supplier/beneficiary’s account has been credited
Transparent
Credited amount and FX rates applied are readily available when making or tracking cross-border payments using SWIFT gpi
Features & Benefits
Access information easily
Through end-to-end SWIFT gpi cross-border payments tracking now available in Singapore, Hong Kong (S.A.R), Mainland China, Taiwan, Indonesia, and India
Increase your efficiency
Better cash management and fast turnaround time when using SWIFT gpi for cross-border payments tracking
Get cross-border payment status in real-time
Know when funds are received by the beneficiary or if payments are still being processed
Input remittance details
Include up to 140 characters of remittance information to help your beneficiary know the payment details
How to Apply
SWIFT gpi tracking capability for cross-border payments is available to all IDEAL Transact customers.
Already a DBS SME Banking customer? Apply for DBS IDEAL now.
FAQs
What is SWIFT gpi?
Swift GPI (Global Payments Innovation) is a new standard for cross-border payments, offering high-speed, transparent, and traceability. It allows near real-time tracking (often within minutes or hours), full fee visibility, and confirmation of funds credited to beneficiaries.
How can I use SWIFT gpi?
SWIFT gpi is the default mode in your outgoing payments. All eligible cross-border payments will be routed through SWIFT gpi and tracking is available for every transaction made.
You can trace your SWIFT gpi cross-border payment information through IDEAL & IDEAL RAPID, provided that the transaction was initiated through one of our electronic channels
On DBS IDEAL, navigate to Accounts, followed by Activities
Search by Transaction Details (e.g., Debit Amount, Customer Reference)
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