ISO 20022 successfully introduced – The foundation has been laid for seamless, digital payment traffic
The Swiss financial center set itself the goal of harmonization of payments and to make them more efficient and economical for all market participants. With the successful introduction of ISO 20022 among corporate customers, it has come an important step closer to that goal.
At the end of June, figures compiled from among financial institutions showed that around 80% of corporate customers submitted their payments in ISO 20022 format. The transaction volume has also increased strongly in recent months, amounting to 80% during the same period.