SWIFT brings together payments industry leaders to drive the
transition of cross-border transactions to the ISO 20022
ISO 20022 is set to become the de facto messaging standard for
the payments industry.
The decision to migrate to the standard, taken by the SWIFT
community in September 2018, was prompted by the move to adopt
ISO 20022 as the new norm for high-value payments by some of the
world’s biggest payment market infrastructures.