You can enjoy the benefits of this service only if all banks involved in your transaction have joined GPI. So far, around one hundred banks have signed up, accounting for over 80% of global payments.
GPI covers all international payments except of SEPA transfers (i.e., transactions in EUR within Europe).
Your payment will be given a reference number that will remain the same throughout processing. This makes payments fully traceable from end to end.
A list of the bank fees charged at each stage of the payment process be viewed at any time. GPI banks can also opt to display the forex rates applied.
Invoice numbers and any other messages and payment information are kept throughout processing, until the payment is credited.
If a beneficiary’s bank is also a GPI bank, it will send a notice to the tracker service so that you get confirmation automatically as soon as funds are credited.