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Benefits
Greater visibility on fees/charges
Achieve greater visibility on all fees and foreign currency conversion rates.
Improved traceability
Each cross-border SWIFT payment carries a Unique End-to-End Transaction Reference (UETR).
Near real-time e-Alerts!
Receive real-time SMS or email alerts upon successful crediting of funds.
How it works
A unique end-to-end transaction reference (UETR) is included in the header of the payment message and is carried across the payment route up until the receipt of funds by the beneficiary bank
Note: eAlerts! will only be enabled if the beneficiary bank is a SWIFT gpi participant.
UOB’s value-added digital channels
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Types
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Features
| Types | Features |
| UOB Infinity (Digital Banking for Business) | Track incoming and outgoing cross-border payments from end-to-end and enjoy full visibility of the payment status, charges, and FX rates applied (where applicable) anytime, anywhere.
Find out more on how to track your SWIFT gpi payments via UOB Infinity here. |
| UOB eAlerts! | Receive email and/or SMS alert notifications when your SWIFT payment has been successfully credited to your beneficiary.
Find out more and register for UOB eAlerts! here. |
| SWIFT gpi GFD Reports | Receive a daily end-of-day consolidated report of the payments that have been successfully credited to your beneficiary to facilitate your reconciliation process.
Find out more and register for UOB Infinity here. |
| Types |
| UOB Infinity (Digital Banking for Business) |
| UOB eAlerts! |
| SWIFT gpi GFD Reports |
Frequently asked questions
How does SWIFT gpi work?
In order to facilitate tracking, each individual SWIFT MT103 payment initiated by banks will carry a Unique End-to-End Transaction Reference (UETR). The UETR will be carried all the way from the initiating bank of the payment down to the ultimate beneficiary bank.
Banks along the payment chain will be required to provide updates on the payment and are subjected to the agreed SWIFT Service Level Agreements (SLA). The SLA dictates that banks will have to provide an update of the payment within 4 hours once received the payment.
What do I need to do to use SWIFT gpi?
No action is required from your perspective. SWIFT gpi is defaulted for all eligible cross-border payments sent by UOB Malaysia.
Does it mean that all telegraphic transfers made will have the full benefits of gpi payment?
No, SWIFT gpi information flow is dependent on the participation level of individual banks. Where banks are gpi enabled, they are subjected to SWIFT agreements to ensure compliance of information flow. Find out which are the gpi enabled banks at the below external URLs.
Please refer https://www.swift.com/our-solutions/swift-gpi/the-digital-transformation-of-cross-border-payments/members for list of participating gpi banks.
Please refer https://www.swift.com/topic/34641/certification/banks for list of bank capabilities.
What are the information available for gpi payments?
- Date and Time Payment receive or paid
- Total Charges Levied on payment
- Foreign Exchange incurred (If any)
- Where is my payment?
- Has my beneficiary received my payment?
Are there additional cost for the various added services under SWIFT gpi?
SWIFT gpi Enquiry via UOB Infinity (digital banking for business)
- Free
eAlerts! – Email and/or SMS
- Service package 1 – RM10/user/account/month
- Service package 2 – RM5/user/account/month
SWIFT gpi GFD Reports
- Free
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