<ul><li>The ISO 20022 messaging standard, set for adoption in March 2025, aims to standardize cross-border payments and foster interoperability.</li><li>ISO 20022 enables the transmission of more detailed and structured payment data, reducing errors and improving reconciliation processes.</li><li>Standardization of messaging ensures consistent data formats, transparency, and compliance-related data for cross-border payments.</li><li>ISO 20022, combined with advancements in blockchain and AI, has the potential to modernize cross-border payments and unlock value-added services.</li></ul>

How ISO Standards Could Reshape Cross-Border Payments

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