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Payment Scheme


Replace point-to-point interfaces with one integration platform

Banking applications, SWIFT infrastructure, payment networks, and back-office systems are often joined by point-to-point interfaces. Each new connection adds cost, and every change ripples across the others. The Netlink Integration Platform brings this connectivity into a single, modular layer.

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What it is.

Instant Payments

 The SWIFT payment scheme enables fast, transparent account-to-account cross-border payments built on the GPI Customer Credit Transfer service.

Why it matters.

Full Payment Transparency

 Customers see the total fee, exchange rate, and expected delivery time before authorisation, while beneficiaries receive the full instructed amount.

How it helps.

Near Real-Time Settlement

 Payments are identified by the ISO 20022 SPSC and settled through supported instant payment systems with end-to-end tracking.

Overview


The scheme targets five outcomes for the end customer: availability, certainty, predictability, transparency, and speed. It aligns with the G20 cross-border payment goals. Two participant roles carry the payment.

Role
Responsibility

Debtor Agent

Validates payment details, performs compliance checks, tags eligible payments, and routes them to approved partners.

Gateway Intermediary

Processes and settles payments, enables tracking, and ensures GPI-compliant delivery without in-flight deductions.

Speed is delivered through a domestic instant payment system supporting one-leg-out. Where that is not available, book transfer applies with a maximum processing time of 35 minutes from receipt to credit. The all-in fee is bilaterally pre-agreed between the Debtor Agent and Gateway Intermediary and shown to the sender before authorisation. The charge type is DEBT, the ISO equivalent of the MT "OUR" instruction.

The scheme is at minimum viable product stage, where adherence is voluntary and not contractually binding. It becomes a commercial offering with mandatory compliance from January 2027. From the November 2026 release, SPSC becomes the sole identifier for these payments.

Eligibility applies at the payment level: consumer-originated, account-to-account, to an activated creditor market, instructed in that market's local currency, with charge type DEBT, sent as a CBPR+ pacs.008 over FINplus. Supported creditor markets include Australia, Bangladesh, Canada, China, Germany, India, Pakistan, Spain, the United Kingdom, and the United States.

Benefits


 Full amount delivered

The beneficiary receives the exact instructed amount. No intermediary deducts from the principal in flight.


 Upfront transparency

The sender sees the all-in fee, exchange rate, and an estimated delivery time before authorising the payment.


 Near real-time credit

Settlement through a domestic instant payment system where available, or book transfer within a 35-minute target.


 End-to-end tracking

Status updates through the Tracker, including in progress, credited, rejected with reason, and on hold.

FAQs

Not during the minimum viable product stage, where adherence is voluntary. It becomes mandatory when the scheme becomes a commercial offering in 2027.
Consumer-originated, account-to-account payments to an activated creditor market, instructed in that market's local currency with charge type DEBT, sent as a CBPR+ pacs.008 with the SPSC service level. SME, corporate, and account-to-wallet flows are supported by bilateral agreement.
Near real-time where the creditor market's instant payment system supports one-leg-out. Otherwise, book transfer within a 35-minute target. The delivery time shown to the sender is an estimate.
Yes. Full principal transfer is required, with no in-flight deductions. Fees are handled through the upfront all-in fee, outside the credited amount.
Gateway Intermediaries must be GPI-enabled. Debtor Agents must be GPI-enabled only if they send the first leg off Swift.

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