ISO 20022 in bytes for payments: Maintaining the momentum in 2025

Counting down to ISO 20022

As we kick off 2025, the global adoption of ISO 20022 continues to accelerate. In December, we saw an average of 1.4 million CBPR+ payments exchanged daily, spanning 150 sending and 220 receiving countries—a testament to the truly global nature of this adoption. The final quarter of 2024 saw adoption rates up by an impressive 6% taking the total up to 32.9% overall.

2024 marked a significant turning point in the adoption journey. The increasing integration of corporate-to-bank payment flows ensured the benefits of ISO 20022 extended deeper across the payments ecosystem, bringing enriched data and enhanced interoperability to more businesses and banks worldwide.

As we look ahead to the November 2025 deadline for the end of MT/ISO coexistence, the momentum is building. Now is the time to focus efforts, capitalise on the benefits of the new standard, and prepare for a future-ready payments landscape. Rest assured, we’ll continue to work closely with the community, providing support and guidance to help everyone fully embrace ISO 20022 as a foundation for innovation and interoperability.

Let’s take a closer look at the latest updates and milestones.

Why J.P. Morgan Payments took a strategic approach to ISO 20022 adoption

With the November 2025 deadline for payment instructions drawing closer, J.P. Morgan Payments shares insights from their ISO 20022 adoption journey, and lessons that may help the community.

Read more

Stay informed with our upcoming webinars

As we approach the end of the coexistence period, we’re committed to supporting your migration journey with regular webinars designed to guide and inform every step of the way.

Webinars will continue to run throughout 2025. Keep an eye for our upcoming webinars to stay updated on opportunities to gain insights and ask questions directly.

Key learning resources

We’re offering both virtual and in-person ISO 20022 and CBPR+ training sessions worldwide. Check out our training catalogue to find the perfect fit for you. And if you’re looking to dive deeper into the CBPR+ migration, Swift Smart has plenty of learning modules to explore.

What happens when coexistence ends?

As the end of coexistence approaches, the community is gearing up for a significant milestone in the ISO 20022 journey. To ensure business continuity during this transition, we’ve developed selective short-term contingency measures to help institutions finalise their migration while maintaining operational stability.

Here’s what you need to know.

In-flow translation service

• This service will remain available after 22 November 2025 but will become chargeable for payment instructions.
• Institutions can opt to deactivate the service for eligible traffic received via FINplus.
   

Contingency processing for MT senders

• For critical, small volume, MT payment instructions, limited conversion to ISO 20022 will ensure receivers only receive ISO 20022-compliant messages.
• Additional MT validation rules for these instructions have been published in the Standards MT Release Guide 2025, accessible via the Knowledge Centre.
   

Pricing details

• Prices for both measures are outlined in the updated price list.
• Charges are designed to encourage migration and may be subject to future increases, with prior notice provided under Swift’s governance and customer notification processes.
   

While these contingency measures offer temporary solutions for small volumes, the focus remains on driving community-wide ISO 20022 adoption. These solutions are not intended as permanent alternatives but as interim steps to support institutions in their migration efforts.

For further details, including specifics on pricing and validation rules, visit Knowledge Base article 6000054.

MT 101: Continued support with a roadmap ahead

We're committed to supporting the community through the transition to ISO 20022, ensuring alignment with industry needs.

Following a consultation with the financial community, here’s what you need to know about the future of MT 101:

• MT 101 continuation on FIN: Both single instruction and multiple instruction FI-to-FI versions of MT 101 will remain supported on the FIN network after the November 2025 coexistence deadline.
• De-prioritisation of pain.001: The move to the ISO 20022 equivalent (pain.001) has been deprioritised for now, allowing institutions more time to plan their transitions.
   

Next steps for the industry

A revised end date for MT 101 coexistence will be determined through continued consultation with the community. We’ll work closely with financial institutions to create a comprehensive implementation roadmap to support pain.001 adoption. Detailed updates and timelines will be shared in 2025, ensuring transparency and readiness across the ecosystem.

By keeping MT 101 on FIN while planning the transition to pain.001, we’re ensuring operational continuity while helping the industry prepare for future innovation. Keep an eye on updates as we progress with global ISO 20022 adoption.

New tools and resources to empower your ISO 20022 adoption journey

We’re pleased to share a range of new resources designed to help with your adoption journey. Whether you’re just starting out or already refining your strategy, these tools offer practical support to navigate the path ahead with confidence:

Swift Smart playlist

Explore the CBPR+ adoption essentials through a series of short video segments, available in several languages. Tailored to your needs, you can watch the entire playlist or dive straight into specific topics. Bookmark it to stay updated with regular content additions.

CBPR+ Project Navigator

Track and manage your migration with a structured step-by-step journey. This tool provides a detailed list of activities for each project phase, along with pointers to supporting documentation. It’s an invaluable guide to ensure no task is overlooked and to plan your next steps effectively.

Business case fact sheet

For institutions just beginning their migration, this free resource highlights the key elements to build a strong business case, helping secure the internal support needed to move forward.

New Watch Analytics dashboard

Monitor your ISO 20022 adoption progress with ease. The new dashboard provides clear visuals for message group, currency, and entity progress, replacing the current ISO & FIN views over the course of 2025.

These resources are here to help you make the most of ISO 20022, offering practical insights and tools to streamline your migration and achieve success.

Your 2025 CBPR+ milestones

As we approach key milestones for CBPR+ adoption, we’re equipping the community with essential tools and resources to ensure a smooth transition.

Here’s what’s new and what’s coming.

CBPR+ Usage Guidelines for SR 2025

Published on MyStandards in December 2024, these guidelines include:

• Rules for the hybrid postal address option
• Two new messages:
  • admi.024 (Notification of Correspondence)
  • camt.025 (Receipt)
     

Updated resources available now

The SR 2025 version of the CBPR+ User Handbook and CBPR+ Readiness Portal are ready to support your learning and preparation.

Coming soon

The CBPR+ Translation Portal will be updated in July 2025, offering enhanced capabilities to support your ongoing adoption journey.

Harmonising market practices

A new market practice paper on statement messages has been published by the CBPR+ workgroup and PMPG. This initiative focuses on harmonising how financial institutions implement and populate interbank camt.053 messages for greater consistency.

Explore these resources today and make sure you’re fully prepared for the changes ahead.

Market Infrastructures: Building a stronger global network

The momentum for ISO 20022 migration continues to grow, with more domestic communities adopting the new standard.

The move to ISO 20022 is gaining traction worldwide. In Q4 2024, we celebrated the successful migration of Chile and Lesotho, bringing the total to 31% of Payment Market Infrastructures (PMIs) running on Swift that have now completed their transition. These PMIs account for an impressive 74% of global traffic volume.

Looking ahead, 22 additional PMIs have announced their go-live plans for 2025. To support this wave of transitions, Swift’s ISO Accelerator Pack remains a valuable resource for helping PMIs fast-track their migration and realise the benefits of ISO 20022 adoption.

Case Management: Transforming exceptions and investigations

The new Case Management service, launched in November 2024, is designed to revolutionise how banks manage exceptions and investigations (E&I).

By moving away from point-to-point messaging and unstructured formats like MT 199/299, the service introduces:

• Structured ISO 20022 messages (camt.110/111) for standardisation and efficiency.
• Centralised and streamlined processes that reduce costs, improve customer experiences, and protect reputations. Learn more here.
   

Key milestones

• The service is already live and opt-in, following a successful pilot involving 31 banks and 5 vendors.
• Q2 2025: Orchestrated support will be available for institutions opting in early to capture value.
• November 2025: All financial institutions must be able to receive camt.110 messages via Case Management (with in-flow translation as needed).
• November 2026: All E&I requests and responses will be fully transitioned to Case Management channels.

Empowering corporates with enhanced capabilities

November’s Standards Release 2024 marked a significant milestone in our journey towards end-to-end frictionless payments. pain.001 messages are now available for corporate-to-bank exchange for all Standardised Corporate Environment (SCORE) participants.

These new capabilities allow richer data capture at source and extend FINplus for payment initiation. By extending ISO 20022 functionality to SCORE, we’re enabling operational efficiency and opening new doors for innovation across the corporate community.

Key enhancements for corporates

• Rich data capture: ISO 20022 allows for more detailed and structured data to be captured directly at the source, improving transparency and operational workflows.
• Payment initiation via FINplus: Corporates can now leverage FINplus for seamless payment initiation with their banking partners.
• GPI for Corporates access model: The new model ensures consistent payment tracking data across all corporate customers, delivering greater visibility and control.
   

Resources to support your ISO 20022 journey

To help corporates take full advantage of these enhancements, we’ve provided:

• ISO 20022 Usage Guidelines to ensure smooth adoption.
• A dedicated support page on the Knowledge Centre for quick access to tools and insights.
• Regular webinars and FAQs to keep you informed and prepared.

Take your ISO 20022 data quality to the next level

A clearer picture of your payments data is coming soon. Starting January 2025, our new Data Quality Analytics dashboard will give you the tools to take your ISO 20022 insights to the next level.

Benchmark your performance

Measure your data quality against country-level metrics to see exactly where you stand in the global landscape.

Unlock actionable insights

Identify opportunities to improve payment accuracy, streamline processes, and validate your progress towards ISO 20022 excellence.

Strengthen your market position

Use these insights to optimise operations and maintain a competitive edge.

Get ahead of the curve and be among the first to leverage these new capabilities. Visit the Knowledge Centre or subscribe to Data Quality Analytics today.