Payments Market Practice Group Market practice

Payments Market Practice Group

Bringing together payments industry experts to define market practice

Payments Market Practice Group

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

The focus of the PMPG is global. The group will liaise as much as possible with other organizations, such as global and regional standard bodies, industry organizations, ACH and high value payment system operators, Securities Market Practice Group, ISO 20022 Standards Evaluation Groups and Registration Management Group, etc. to leverage existing channels, ensure alignment of opinion and avoid duplication.

Mission

Assess Market Practices
Assess Market Practices

Take stock of payments market practices across regions

Analyse market issues
Analyse market issues

Discuss, explain, and document market practice issues, including economic viability

Recommend payment practices
Recommend payment practices

Recommend market practices, covering end-to-end transactions

Define ISO standards
Define ISO standards

Propose best practice, business responsibilities and rules, message flows, consistent implementation of ISO messaging standards and exception definitions

Publish best practices
Publish best practices

Ensure publication of recommended practices

Drive community engagement
Drive community engagement

Encourage an iterative dialogue with communities where community feedback is incorporated in updated publications

Ensure compliance alignment
Ensure compliance alignment

Recommend payments market practices in response to changing compliance requirements

Driving better market practices for cross-border payments

Driving better market practices for cross-border payments

6 min view

Scope

  • Payment initiation

    Payment initiations from any business to a financial institution

  • Interbank payments

    Payment instructions between financial institutions

  • Exception handling

    Rejections, returns, status reports, request for cancellations, reversals, i.e., any kind of exception handling, related to the above

  • B2B information exchange

    Transportation and processing by financial institutions of business to business information

  • Reporting & Statements

    Financial reporting, confirmations and statements, related to the above

  • Trade & Payments

    The convergence of the trade and payments space

  • Compliance impact

    The impact of compliance requirements as they relate to global payments market practices

  • Securities payments

    Market practices for securities transaction related payments

Shaping ISO 20022 Market Practices for HVPS

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.

Read more

Members

Beth Geller
Co-chair

Beth Geller, Industry Executive, JP Morgan

Paula Roels
Co-chair

Paul Roels, Head Swift & Market Infrastructures, Deutsche Bank

Celia Ardyasa
Member

Celia Ardyasa, Director, International Network Management, Commonwealth Bank of Australia

Cristian Cengher
Member

Cristian Cengher, Erste Bank Austria

Andrea Cogerino
Member

Andrea Cogerino, Product Manager for Cash Management and Cross-border Payments at Intesa Sanpaolo

Sylvain Dauge
Member

Sylvain Dauge, Product Manager, Cash Clearing and Correspondent Banking (Global Transaction and Payment Services)

Damien Godderis
Member

Damien Godderis, Head of Payments Industry Engagement, BNP Paribas

Alan Hwong
Member

Alan Hwong, Group Head Payments, TFX, Digital Currency Product Management

Chloe Jenkins
Member

Chloe Jenkins, Lead Business Analyst, Barclays

Michinobu Kishi
Member

Michinobu Kishi, General Manager of the Transaction Business Planning Department, Sumitomo Mitsui Banking Corporation (SMBC)

sebastian kucharek
Member

Sebastian Kucharek, Managing Director, Global Clearing Head, Citi

Tomas Moberg
Member

Tomas Moberg, Lead Transaction Banking Sales for Banks, Nordea

Sean Mouton
Member

Sean Mouton, Chief Technology Manager, ABSA

Victor Neff
Member

Victor Neff, Executive Director, Global Head of Payment Strategy (UBS)

Mike Pruiksma
Member

Mike Pruiksma, ABN AMRO Bank

Jason Sweeney
Member

Jason Sweeney, Senior Director, Payments and Trade Operations, Royal Bank of Canada

Stephen Wojciechowicz, AAP, CTP
Member

Stephen Wojciechowicz, Co-Head of International Payments, Treasury Services

Patrick Yeh
Member

Patrick Yeh, Senior Product Manager Global Payments Solutions, Asia-Pacific

Yan Zhang
Member

Yan Zhang, Senior Manager, Clearing Department, Bank of China Head Office

Resources

Access key resources for deeper insights and support

Document
PMPG's terms of reference PMPG's terms of reference
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Removal of Unstructured Postal Address and Agent Considerations Removal of Unstructured Postal Address and Agent Considerations
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PMPG Monthly Insights - July 2026 edition PMPG Monthly Insights - July 2026 edition
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Quick Guide for Financial Institutions Quick Guide for Financial Institutions
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Quick Guide for the Payment Market Infrastructure Quick Guide for the Payment Market Infrastructure
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Quick Guide for the Corporate Community Quick Guide for the Corporate Community
Document
Template Letter to Corporate Clients - Hybrid Postal Address Migration Template Letter to Corporate Clients - Hybrid Postal Address Migration
Document centre