Tracking Collections with SWIFT gpi

Tracking Collections with SWIFT gpi

Fast, transparent and traceable cross-border collections

Tracking Collections with SWIFT gpi

Fast, transparent and traceable cross-border collections

    At a Glance

    DBS Bank has launched real-time online tracking of cross-border collections when using SWIFT gpi to provide greater digital convenience to our SME clients.

    Powered by SWIFT Global Payments Innovation (gpi), SMEs will receive instant updates on where the funds are along the payment chain. With real-time visibility to incoming cash flows, businesses can better manage their cashflows.

    Features & Benefits
    Increased visibility of funds

    Increased visibility of funds

    Access real-time status updates and conduct tracking of cross-border collections using SWIFT gpi

    capital forecasting

    Enhanced working capital forecasting

    Brings efficiency in cashflow forecasting. Enables clients to send back-to-back payments 

    Proof that the payment has been sent

    Receiving digitised proof of initiation means manual processes are eliminated. Tracking of cross-border collections is also made much easier and efficient with SWIFT gpi

    How to Apply

    SWIFT gpi tracking capability for cross-border collections is available to all IDEAL customers.

    New to DBS?
    Apply for DBS Online Account Opening for Business and enjoy the convenience of IDEAL online banking.

    Already a DBS SME Banking customer?
    Apply for DBS IDEAL now.

    FAQs
    What is SWIFT gpi?

    SWIFT gpi enables financial institutions to send and receive funds quickly and securely to anyone, anywhere and at any time. It also improves cross-border payments, ensuring that corporations can send money globally with complete confidence and peace of mind.
    How can corporates enable inbound TT tracking?

    SWIFT gpi tracking capability for cross-border collections is available to all IDEAL customers who have the payment (Telegraphic Transfer) function. 
    How do I trace my cross-border collections?

    You can trace your SWIFT gpi transactions status through IDEAL. 

    1. On DBS IDEAL, navigate to Payments, followed by Information for Incoming Transfers

    2. Click on Report for Payment Status 
    I want to be able to receive an alert from incoming funds. What should I do?

    You can subscribe to alert at the user level for incoming payments. Tracking capabilities for all cross-border collections are also available when using SWIFT gpi.
    Which banks are on SWIFT gpi?

    DBS is one of the participating banks with SWIFT gpi. You can check all cross-border collections and a tracking function is also offered through IDEAL. Please call us at 2290 8068 should you require further assistance.

    Below you will find all the participating banks on SWIFT gpi.

    Find participating banks.
    Check the bank’s status and certification.
    Get in Touch
    DBS Online Account Opening for Business
    Apply for a Loan
    Contact DBS BusinessCare

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