SWIFT Global Payment Initiative (OTT)

SWIFT Global Payment Innovation
Outward Telegraphic Transfer

Fast, transparent and traceable cross-border payments

At a glance

SWIFT global payments innovation (gpi) speeds up cross-border payments with real-time tracking. 

Traceable real-time

Traceable real-time

Get notified when your supplier/beneficiary’s account has been credited

Faster

Faster

Same-day use of funds for your cross-border payments. Subject to the cut-off time of receiving bank

Transparent

Transparent

Credited amount and FX rates applied are readily available

Why SWIFT gpi Outward Telegraphic Transfer (OTT)

Features & Benefits

Access information easily

Access information easily

Through end-to-end cross-border payments tracking now available in Singapore, Hong Kong, Mainland China, Taiwan, Indonesia and India

Increase your efficiency

Increase your efficiency

Better cash management and faster turnaround time

Get payment status in real-time

Get payment status in real-time

Know when funds are received by Beneficiary or if payments are still being processed

Input remittance details

Input remittance details

Include up to 140 characters of remittance information to help your beneficiary know the payment details

How to apply

Online GPI tracking capability is available to all IDEAL customers.

Not a DBS Banking customer?
Apply online now. Enjoy free DBS IDEAL access and fee waivers. T&Cs apply.

FAQs
How fast will SWIFT gpi process cross-border payments?

SWIFT gpi is required to process or notify the status of your cross-border transactions within 4 hours.

How can I use SWIFT gpi?

SWIFT gpi is a default mode in your outgoing payments. All eligible cross-border payments will be routed through gpi.

What are the participating banks?
How do I trace my cross-border payments?

You can trace your SWIFT gpi transactions status through IDEAL.

  1. On DBS IDEAL, navigate to Accounts, followed by Activities 
  2. Search by Transaction Details (For e.g. Debit Amount, Customer Reference) 
  3. Click on Report for: Payment Status and MT103 copy 
Get in touch
Call

Call

From overseas: +65 6222 2200
In Singapore: 1800 222 2200
Operating hours: 8.30am to 8.30pm, Mon - Fri (excluding PH)