By March 2023 at least 11,000 banks will start using ISO 20022 and by 2025 at least 80% of cross-border transactions will be made through this standard.
From March 2023, the 11,000 banks that are part of the global SWIFT network will start receiving transactions using the new unified language for cross-border and high-value payments, ISO 20022. This is the first stage of an extensive plan that will be completed by 2025, when it is estimated that 80% of cross-border transactions, across all global currencies, will be transmitted via this universal messaging standard.
A group of financial experts met in Mexico City in September to discuss the outlook, the benefits, and the challenges for the adoption of the ISO 20022 standard in the region. This white paper brings together their insights
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In this report you'll find
Table of contents
- Clearer data for faster payments
- Optimized user experience
- ISO 20022 for innovation and financial inclusion
- Implementation challenges that will pay off
Opinion leaders who participated in the event
Banco de México
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