The leading partner with Ripple, Santander has now shake hand and teamed together with SWIFT to go live in four countries including which are Poland, UK, Spain and Argentina. And also banking giant will be using SWIFT’s Global Payments Innovation GPI technology for cross-border payments.
In the reveal it alosaid that -
SWIFT gpi and Santander can now offer a rapid cross-border payments service which will be real-time payments tracking and transparency on bank fees and foreign exchange rates.
In the last moment the announcement also said that the banks aim is to go live in the Mexico and Chile by the end of the year. On top of this, 80% of Santander cross-border transactions will be live on SWIFT GPI by the end of 2018. Furthermore it, they plan to extend to other countries by next year.
For more details check this link
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