In a significant milestone for Pakistan’s financial sector, Bank Alfalah has teamed up with SWIFT to become the first bank in the country to enable the SWIFT Global Payments Innovation (GPI) tracker. This development marks a major step forward in enhancing the speed, transparency, and accuracy of cross-border payments from Pakistan. By leading this initiative, Bank Alfalah has secured a first-mover advantage in modernizing the country’s financial infrastructure.

With this service, Bank Alfalah ensures that cross-border payments are both fast and transparent. The SWIFT GPI tracker enables end-to-end real-time tracking of international payments, offering full visibility on deductions and final confirmation of fund availability.

GPI empowers financial institutions to improve operational efficiency, reduce costs, strengthen correspondent banking relationships, and deliver added value to customers — significantly enhancing both remittance and corporate payment experiences.

A standout feature of the GPI is the pre-validation service, which helps ensure payment instructions are accurate before they are sent. This reduces delays and errors, further contributing to a smoother international payment process.

Bank Alfalah’s commitment to adopting cutting-edge technologies aligns with the national goal of building a secure and efficient payments ecosystem — particularly important given Pakistan’s status as one of the world’s top remittance-receiving countries.