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Standard Chartered extends GPI services to US dollar

Standard Chartered has extended its SWIFT global payments innovation (GPI) services to customers making US dollar cross-border payments. Standard Chartered's Anurag Bajaj commented: “SWIFT GPI significantly increases our client value proposition for payments given the improved traceability, transparency and speed. As an established leader in global payments innovation Standard Chartered has been a founder member in SWIFT GPI which is fast becoming the gold standard for international payments.”

Standard Chartered has been one of the key contributors to the GPI initiative and was also one of the very first adopters in Asia when the GPI service went live, according to SWIFT's Wim Raymaekers. He said: “With USD being the prime currency used in cross-border payments, we are delighted to see that Standard Chartered has now also extended its GPI capabilities beyond the Asian market and are offering the GPI benefits to corporates and financial institutions in the US market.”

SWIFT GPI is an industry-wide collaboration between SWIFT and leading banks in the world to drive innovation in cross-border payments. It helps banks' corporate customers to track cross-border payments, which is often difficult in the traditional correspondent banking environment.

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SWIFT Corporate Connectivity

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