Canada joins a growing list of countries that have adopted ISO 20022, an important first step in the modernization of Canada’s payment system.
ISO 20022 is a global standard for electronic payment messages that will help businesses and financial institutions facilitate the move away from paper by creating the ability to exchange more information – like invoices - with electronic payments. ISO 20022 also helps to streamline cross-border payments by using a common global “language” for payments data.














