Cost Structure International Payments Real Time Gross Settlement (RTGS) 
The Payments Association
JUNE 9, 2025
Payment providers to strategically invest in ISO 20022 implementation, API integration, and service innovation to fully leverage RT2’s capabili The launch of RT2, the renewed Real Time Gross Settlement (RTGS) service, on 28 April 2025 marks a significant milestone for the UK’s payments infrastructure.
The Payments Association
APRIL 14, 2025
Legal issue/risk Next steps/action required Related links Legal issue/risk: Failure to adopt ISO 20022 by the mandated deadline may result in operational disruptions, reduced interoperability with global payment systems, and potential non-compliance with international payment processing standards.
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