Insights

The migration to CBPR+ ISO 20022 for payment instructions is behind us – November 2025 was a huge milestone, and we saw a very successful end of coexistence where the community achieved a massive 97% adoption rate after the big weekend.

However, the story doesn’t end there, there is still a way to go with the rest of the CBPR+ roadmap.

Swift has successfully completed the design phase of its blockchain-based shared ledger, and is now actively building the first iteration that will enable interoperability between banks’ tokenised deposits to facilitate 24/7 cross-border payments.

As the global payments community continues its transition to ISO 20022, the new global standard for cross-border payments, a new milestone is on the horizon. A key component of the transition will be the removal of unstructured postal addresses, planned for November 2026 as part of the SR 2026 standards release.

This change has been requested by our community and reflects the continued evolution of ISO 20022 towards structured data that supports more precise filtering, improved monitoring and higher levels of automation in payments processing.

We are committed to delivering this change in November 2026 and to supporting the community throughout the transition.