ISO 20022 payments messaging adoption rate increases

Majority of central banks uphold plans to transition by 2025

Central banks appear to be making marginal improvements in embracing the ISO 20022 messaging protocol, data from the Payments Benchmarks 2023 suggests.

In the preceding benchmarks, less than 10% of respondents (just three institutions) said they had upgraded their real-time gross settlement (RTGS) infrastructure to ISO 20022. Although the dataset this year varies from the past year’s, seven institutions, or 25% of respondents say they are now compliant.

Central banks that are yet to upgrade to

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com 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

.