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RT2: A strategic transformation for UK payment providers

The Payments Association

This represents a strategic shift for payment providers, affecting cost structures, risk exposure and increasing competition. RT2 also fundamentally transforms international payments by establishing harmonised messaging standards with major global settlement systems. RT2 is substantially expanding direct participation.

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The payments regulation roadmap: Q2 2025

The Payments Association

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.