Press room
22.11.2024
The date of transition to the new standard ISO 20022 is postponed to next year
According to the message of the National Bank of Kazakhstan, the expected transition to the international payment message standard has been moved to 13 January 2025.
The international standard ISO 20022 for data interchange between financial institutions was developed in order to automate business processes. Through use of a single model for transmitting payment messages in banking operations, the adoption of the new standard will save costs for all parties and give market participants access to innovative options.