What do entrepreneurs and legal entities need to know about ISO 20022?
From November 11, 2024, Kazakhstan will use the international standard ISO 20022 for messaging between financial institutions. This standard will be regulated by the National Bank of the Republic of Kazakhstan and used by commercial banks.
What is ISO 20022?
ISO 20022 is an international standard for the exchange of data between banks and financial institutions. It defines the rules and message formats that are used in financial transactions.
Who is ISO 20022 for?
ISO 20022 is good for a wide range of financial market participants, including banks, corporations, payment service providers, regulators and other financial institutions.
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