Less than 10% of RTGS systems meet ISO 20022

Most non-compliant central banks plan to implement messaging protocol by 2025

The adoption of ISO 20022 messaging for real-time gross settlement (RTGS) systems among central banks remains low. But this looks set to change with 88% of respondents to the Payments Benchmarks 2022 that have not yet adopted ISO 20022 planning to integrate the data standard by 2025.

As of mid-year 2022, just 8% (3 central banks) of the 36 respondents to this section of the benchmark confirmed adoption. However, just over half (52%, or 17 central banks) of the 33 respondents that have not

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