Bank Hapoalim: Signed up for Swift’s gpi

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Bank Hapoalim: Signed up for Swift’s global payments innovation (gpi) making it the first bank in Israel to join the service

  • According to Swift deployment of gpi allow banks to “significantly” improve the entire process of cross-border payments
  • By using Swift gpi for cross-border payments the bank provide an agile and seamless experience for all transactions
  • Swift says hundreds of financial institutions use gpi including the world’s 60 biggest banks
  • Swift adds that gpi will be the standard for all cross-border payments by the end of 2020
  • Published a standard for pay later APIs with the aim to help the adoption of consumer payment model