Swift’s gpi : Double digit growth

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Swift’s gpi : Double digit growth

  • SWIFT’s figures show an average of 31.31 million messages a day in 2018 as its annual traffic rose to an all-time high of over 7.8 billion
  • Traffic growth was driven by the mass adoption of SWIFT gpi which now accounts for over half (55%)of cross-border payment instructions carried on the network
  • Growth in SWIFT’s payments traffic was strong in all regions as well as in domestic and cross border segments
  • The cooperative also recorded a new peak traffic day in 2018, processing 35.22 million FIN messages on 31 May 2018
  • The success of SWIFT gpi and its rapid adoption has played a key part in our increased annual message traffic
  • SWIFT gpi has transformed the cross-border landscape with payments typically made within minutes or even seconds