CBPR+
Message TypeCBPR+ is the SWIFT-governed ISO 20022 standard that all banks must adopt for cross-border payments, replacing the legacy MT message suite.
CBPR+ (Cross-Border Payments and Reporting Plus) is the SWIFT-defined rulebook that specifies which ISO 20022 messages, data requirements, and timelines apply to cross-border payments globally. It is not a technology itself — it is the governance framework that mandates when and how banks must switch from legacy MT messages (MT103, MT202, MT195, etc.) to their ISO 20022 equivalents (pacs.008, pacs.009, camt.110, etc.).
The CBPR+ migration began with a coexistence period in November 2022, during which both MT and ISO 20022 messages were accepted. The full retirement of MT messages is scheduled for November 2026, completing a 4-year migration of the entire global correspondent banking system.
CBPR+ matters to crypto investors because it defines the exact data format that cross-border payment corridors will use — and Ripple, Stellar, and Quant have all built their enterprise integrations to be CBPR+ compatible, meaning their tokens can sit inside CBPR+-compliant payment flows without disrupting the bank-to-bank messaging layer.
Crypto Relevance
CBPR+ compliance is the key criterion that determines whether a crypto network can be used by a regulated bank for real payment flows — XRP, XLM, and QNT are all CBPR+-aware in their enterprise integrations.
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Join ISO 20022 investorsRelated Terms
SWIFT
SWIFT is the messaging network connecting 11,000+ financial institutions in 200+ countries for cross-border payments, currently completing its ISO 20022 migration.
pacs.008
pacs.008 is the ISO 20022 interbank credit transfer message that replaces the legacy SWIFT MT103.
camt.110
camt.110 is the ISO 20022 investigation enquiry message that a bank sends when it needs to query the status of a cross-border payment.
UETR
UETR (Unique End-to-End Transaction Reference) is the 36-character UUID that tracks a cross-border payment through every bank hop under SWIFT gpi.
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Last reviewed: 2026-05-17