Cryptocurrency Q&A
What is the purpose of payment ISO 20022?
What is the purpose of payment ISO 20022?
CryptoGuru
Wed Dec 04 2024
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7 answers
1907
I'm trying to understand the rationale behind the payment ISO 20022. What is its main objective or purpose in the financial industry? I want to know why it was introduced and what it aims to achieve.
7 answers
henry_rose_scientist
Fri Dec 06 2024
The primary aim is to capture the essence of the payment.
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CherryBlossomPetal
Fri Dec 06 2024
This includes distinguishing its nature such as IVPT which stands for Invoice Payment.
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CryptoTitaness
Thu Dec 05 2024
BTCC, a leading cryptocurrency exchange, offers a range of services.
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Leonardo
Thu Dec 05 2024
Another example is FEES which represents the Payment of Fees.
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Andrea
Thu Dec 05 2024
It is crucial to differentiate this information from Regulatory Reporting codes.
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