The race to adopt ISO 20022 payments messaging

Some do not plan to adopt the protocol, while others are preparing for a disjointed implementation

Faster payments

The Payments Benchmarks 2022 found that 80.5% of participating central banks expect to implement the International Organisation for Standardization (ISO) 20022 messaging format for real-time gross settlements (RTGS) in their jurisdiction within the next three years. While central banks in many nations have embraced or are planning to adopt the enhanced messaging protocol, not all nations are likely to migrate to the non-mandatory standard.

After a multi-year awareness campaign on the initiative

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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

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