We recognise the importance of standardisation, portability and interoperability which will not only lead to harmonisation of payment processing across systems but also will bring several benefits. Convergence of various payment systems could make payments truly channel agnostic. Summing up 19.
Before I conclude, I intend to flag a few issues for you all to discuss and deliberate: •  Will the implementation of the ISO 20022 message standards reduce the complexities and compress application development time required to manage our payment architecture? •  Will adapting to such global standard also enable us to substantially increase security and improve internal processes?