As global payment systems move into countdown, institutions involved in cross-border remittances are facing new technological changes. According to the media, SWIFT will no longer support the completely unstructured postal address in the CBPR+ submission from November 2026. Agencies that have not completed the adjustment may face delays in payment, increased processing costs and even failed transactions.

This is a specific change in the ISO 20022 advance. The standard, which aims to improve the quality, transparency and processing efficiency of data on cross-border payments, is also included in the G20 Road Map for Improved International Payments. According to the article, this is not only a compliance update, but also means that the banking system is continuing to move from an old paper system to a more digital payment infrastructure.

The deadline points to an upgrade of the payment system

The new requirements referred to in SWIFT focus on standardization of reporting formats and information structuring. For banks and payment agencies, this will lead to inputs in systems adaptation, process adjustments and data governance.

  • Improving transparency in cross-border payments
  • Reduced costs of handling frictions and labour
  • Improving the efficiency of cross-border financial flows

Foreign media view XRP as a potential beneficiary

According to external sources, ISO 20022 does not in itself require banks to use XRP or block chain technology. But the core issues driving this round overlap with the cross-border payment pains that Ripple has tried to resolve over the years, including settlement speed, liquidity management and efficiency of cross-border transfers.

According to this logic, the payment programme promoted by Ripple might have more room for discussion if financial institutions were to place greater emphasis on real-time settlement and the efficiency of resource allocation in their upgrading. The article mentions that XRP is considered a bridge asset by some supporters and can be used to reduce the reliance on pre-financing accounts for traditional cross-border payments.

Adoption of ISO 20022 does not mean adoption of XRP

However, the article also makes it clear that there is no direct correspondence between the completion of the ISO 20022 upgrade and the introduction of XRP. Banks are well placed to complete the new standard migration and continue to operate the existing payment system without having access to digital assets.

The core judgement of the external media is that the new payment environment may offer more competitive opportunities for technology programmes that emphasize speed, efficiency and interoperability. Whether or not the XRP will be the main beneficiaries will depend on the bank ' s actual deployment path and whether the Ripple programme will be more widely used in the traditional financial system.