Limited adoption of ISO 20022 messaging in RTGS systems

Around a fifth of central banks said they use the emerging payments messaging technology

ISO 20022 is an emerging global standard for bank payments messaging. Payments services provider Swift is the registration authority. 

The standard seeks to establish a common language and model for payments and transaction data to improve speed and compliance. The standard also has scope to reduce costs and the need for manual interventions due to increased data quality and automation. 

Surprisingly, central banks have not widely adopted ISO 20022 messaging in their real-time gross settlement

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account