“We are delighted to count Santander among the major international banks that are live on SWIFT gpi. By working together to roll out gpi across multiple geographies in parallel, most of Santander’s customers are already able to reap the benefits of what is fast becoming the new industry norm for cross-border payments,” said Alain Raes, Chief Executive EMEA & Asia Pacific, SWIFT.

Javier Pérez-Tasso, Chief Executive, Americas & UK, SWIFT said: “Santander’s go-live on gpi marks an important milestone in the expansion of the service globally. The bank’s extensive network of clients can now benefit from fast, traceable and transparent cross-border payments – speeding up their supply chains and reducing risk. We warmly welcome Santander on board and look forward to continued expansion of their gpi coverage across countries and corridors.”

To date, more than 270 financial institutions around the world have signed up to SWIFT gpi, with over USD 100 billion in SWIFT gpi payments being sent daily across 600+ country corridors. Following the SWIFT community’s recent endorsement of global gpi adoption, SWIFT gpi will be the standard for all cross-border payments by the end of 2020.

Learn more about SWIFT gpi