Case Study: LVMH achieves greater visibility and same‑day settlement for cross‑border payments with FIS Trax (SWIFT gpi)

Bringing Greater Visibility to Cross-Border Payments

LVMH, the global luxury goods group, faced delays, uncertainty and limited visibility in its cross‑border payments—about 65% of the group’s 1.5 million annual payments are international. To address this, LVMH worked with FIS (and SWIFT plus six partner banks) as part of the SWIFT gpi for Corporates pilot, building on its earlier payment centralization using the FIS Trax Corporate Payments Factory.

FIS integrated Trax with SWIFT gpi to assign a unique end‑to‑end transaction reference (UETR) to each payment and receive MT199 and ISO 20022 status messages, enabling same‑day settlement and real‑time tracking via the Trax dashboard. The FIS solution cut the need for time‑consuming bank queries, improved payment predictability and traceability, and helped LVMH better manage supply‑chain relationships, reduce friction and control costs.

LVMH

Laurent Dall’Aglio

Finance Project Manager