Worldwide payment market infrastructures are moving toward ISO 20022 messaging

Updated December 2022

Global initiatives have been gathering pace lately and are leading the way towards a standardization of payments messaging. Legacy message structures have shown their limitations and will no longer evolve. Moving to a new ISO 20022 messaging standard is meant to help process payments more reliably and faster thanks to a richer data model. To get a quick overview on the topic, our ION Treasury experts have answered the most frequently asked questions from our 50,000+ community of users around the world.

Read this article to get answers to the most frequently asked questions.