ISO 20022 is the new international standard for electronic data exchanges in the finance industry. It is assuming an increasingly key role worldwide, in Europe and thus in Switzerland. ISO 20022 influences all domestic and international payments.
Synergies in the value creation chain will be sustainably exploited between payment service providers, financial institutions and consumers. Moreover, ISO 20022 is the basis for the QR-bill. The latter will further accelerate digital payment transactions.
Life doesn’t get easier. But payments do. Thanks to the QR-bill.
Explanatory video on the QR-bill