What ISO20022 is?
International message exchange standard prepared by ISO TC68 Financial Services Technical Committee implemented by the National Bank of Ukraine the payment infrastructure of Ukraine.
The standard applies to IBAN–IBAN payments and does not concern security transactions, banking cards, trading and conversion transactions.
To align Ukrainian payment space with the world one
To supplement payments banking details with additional information
To enhance the level of servicing and payments efficiency
To extend payment instruments functionality
To increase the level of payments automation
The new Law On Payment Services and Standard ISO20022 are approved
As of today, updated NBU resolutions setting the requirements for ISO20022 Standard implementation and Law of Ukraine On Payment Services, in particular regarding customers servicing are expected.
The NBU answers to the most frequent questions of the banks are provided here Frequently asked questions”.
More details will be disclosed upon receipt of all NBU requirements (expected at the beginning of Q3 2022).
Currently the payments effecting schedule in Raif is 19/7 (from 4:00 to 23:00) for legal entities, private entrepreneurs and individuals (IBAN-IBAN). This schedule allows to meet all business-needs of our customers.
But we are changing, so we will be grateful if you share your experience with us by filling out a short questionnaire.
We’ve put together the most important information about the new ISO20022 payment standard for local currency transactions to make it easier for you to share it with your counterparties.
