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.
Swiss quarterly clearit: All about the QR-bill
Explanatory video on the QR-bill