SWIFT CBPR+ (Cross-Border Payments and Reporting Plus)
programMoney & Finance
A hard deadline just forced every bank in the world to switch to a new payment-message format or get cut off.
Who they are
SWIFT's CBPR+ program, the plan to move cross-border payments onto a richer new data standard called ISO 20022.
What they do
It's a forced upgrade of how banks format the messages that move money across borders.
How it works
On November 22, 2025 the old message formats (MT103 and MT202) were retired with no more grace period, and a second deadline in November 2026 ends the use of loose, unstructured mailing addresses in these messages.
Why it matters
It means the plumbing of global payments is being rebuilt on a stricter, more data-rich standard, with no opt-out.
The engine's record — word for word
SWIFT migration program for ISO 20022 across cross-border payments. Hard cutover Nov 22 2025 — end of MT/MX coexistence for payment instructions; MT103 and MT202 formats formally retired. November 2026 secondary cutover sunsets fully unstructured postal addresses across MX messages.
Follow the trail
Walk this on the live map →