Raiffeisen Bank successfully completed all work for the transition to the new generation NBU electronic payment system – SEP 4.0
Raiffeisen Bank successfully completed all work for the transition to the new generation NBU electronic payment system – SEP 4.0, which will operate based on international standards ISO 20022 for transactions in the national currency, on the night of March 31 to April 1, 2023.
Raif began operating successfully under the new ISO 20022 standard in SEP 4.0 starting at 12:00 PM on April 1, 2023.
Key advantages of ISO 20022:
- Harmonization of the Ukrainian payment space with the global one;
- Unification of payment details with additional information;
- Improved service levels and payment processing speed.
For more details, visit the Raiffeisen Bank website in the "New Payment Standard ISO 20022" section.
Please note that currently, for several weeks, there will be a stabilization period for the banking system under the new ISO 20022 standard. During this time, technical issues and delays in processing payments to/from other banks via SEP may occur. If you experience such difficulties, please contact the Information Center for assistance.