Real-Time Payments Group (RTPG)

In May 2015, the ISO 20022 Registration Management Group approved the creation of the Real-Time Payments Group (RTPG).


The objective of this group is to document a harmonised and consistent view of ISO 20022 business processes, message components, elements and data content across multiple markets. The work is intended to be flexible, open and transparent and to incorporate regional differences and market practices. The output will be a published and usable set of ISO 20022 usage guidelines for use of the standard in a real-time system.

As the market has evolved, different implementations of ISO 20022 for real-time retail payments have emerged. It is considered that there is an early stage opportunity to influence design and development to achieve commonality and convergence. ISO 20022 is now seen as the ‘de facto' standard in this area.

The scope is focused on the process usage of ISO 20022 messages and therefore is agnostic to precise details of implementation and system design. Real-time payments introduce performance and availability considerations but these are commercial implementation decisions that are not within the scope. The messages used will remain sufficiently agnostic to this.

There are wide benefits to be achieved through a process of collaborative information exchange focusing on standards such as cost reduction, agility and speed to market. It benefits new entrants or new adopters as it provides a baseline for implementation, but on the other it can also be of considerable value to large multinational banks and others that have to connect to, support or provide services for various real-time systems.

The RTPG comprises a broad group of more than 70 stakeholders from 17 countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, India, Italy, Japan, Norway, Poland, Switzerland, The Netherlands, UK and the US, with representation from payments associations, payment service providers, financial institutions, international and domestic clearing houses, payment schemes, regulators and the supply-side.



  Message(s) Version Issuer File Format  
RTPG Core Recommendations payments 1.0 RTPG pdf Download
RTPG Working Assumptions payments 1.0 RTPG docx Download
Real-Time Payments and ISO 20022 payments 3.0 RTPG pdf Download
Global Market Practice pacs.002.001.07 1.0 RTPG pdf Download
Global Market Practice pacs.002.001.07 1.0 RTPG xlsx Download
Global Market Practice pacs.008.001.06 1.0 RTPG pdf Download
Global Market Practice pacs.008.001.06 1.0 RTPG xlsx Download


Last updated on: 18 April 2016