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August 20, 2022
Finance Technologies

Lloyds is world’s first bank live on Swift gpi instant

Lloyds Banking Group is the first financial institution live on Swift’s new gpi instant connection service. Ed Thurman, Lloyds: “The gpi instant service is set to be a game changer in cross-border payments” Swift claims that gpi instant enables consumers and businesses to send payments “in seconds” across borders and “around the clock”. Instant connects to gpi with domestic infrastructure, in the UK’s case, the Faster Payments network. Swift says the system enables banks to use existing infrastructure to provide better service. The payments network expects to roll out adoption across the globe, as a building block in its new…
Lloyds is world’s first bank live on Swift gpi instant

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