Payments Market Practice Group

Bringing together payments industry experts to define market practice

About the Payments Market Practice Group

The Payments Market Practice Group (PMPG) provides a truly global forum to drive better market practices which, together with correct use of standards, will help in achieving full STP and improved customer service.

Events

The PMPG and its members regularly participate in industry events. If you are attending any of these events, please introduce yourself to us. We are keen to hear your comments and suggestions.

ISO 20022

Following the launch of the ISO 20022 Harmonisation Charter, an industry-driven framework to facilitate the rollout of ISO 20022 globally, SWIFT has formed a global market practice task force of markets infrastructures and banks. Sponsored by the Payments Market Practice Group (PMPG), the task force aims to address the evolving ISO 20022 standards requirements of high value payments systems (HVPS) providers. It is a key component of SWIFT’s ISO 20022 harmonisation initiative that aims to address the industry concern around fragmentation and the risk of multiple versions and flavours being adopted across various markets, leading to higher implementation and maintenance costs.

For more information read this.

Mission and scope of the PMPG

Learn about the PMPG’s mission and scope.

PMPG members

Meet the PMPG members

PMPG publications

Access the PMPG’s publications and resource centre

Documents center

Latest document update

Market practice guidelines for cancellation inquiries

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Last update: 
5 October 2017

The purpose of this document is to establish market practice guidelines for the handling of urgent cancellation requests due to suspected fraudulent cross-border payments and urgent inquiries relating to compliance or regulatory issues

  • PMPG Market practice Guidelines
English

PMPG Terms of Reference

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Last update: 
28 September 2017

The PMPG provides a truly global forum to drive better market practices which, together with correct use of standards, will help in achieving full STP and improved customer service.

  • Reports
  • Information Paper
English

Structured ordering and beneficiary customer data in payments

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Last update: 
14 September 2017

PMPG White Paper

  • PMPG White papers
English

95th PMPG meeting 30/09/2016

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Last update: 
13 September 2017

PMPG meeting minutes 2016

  • PMPG Summaries of meeting minutes
  • 2016
English