pacs.008
Message Typepacs.008.001.10
pacs.008 is the ISO 20022 interbank credit transfer message that replaces the legacy SWIFT MT103.
pacs.008 (FI to FI Customer Credit Transfer) carries a customer payment between financial institutions. It replaced MT103 under the CBPR+ migration and is the backbone of cross-border payments: every time a bank sends money on behalf of a customer to another bank, pacs.008 is the message format.
The key upgrade over MT103 is data richness: pacs.008 carries structured LEI identifiers, full unambiguous addresses, extended remittance information, and a UETR (Unique End-to-End Transaction Reference) that enables end-to-end payment tracking via SWIFT gpi.
Ripple markets On-Demand Liquidity (ODL) as a way for payment providers to use XRP as a bridge asset, as in the SBI Remit corridor from Japan to the Philippines that launched in July 2021. The XRP profile on this site could not verify how ODL flows map onto individual ISO 20022 message types such as pacs.008, so this glossary does not describe a message-level mapping.
Crypto Relevance
pacs.008 is a bank-to-bank message. RippleNet, Ripple's payment network, is on ISO's Registration Management Group member list (archived March 2026), but that membership does not certify the XRP token or show message-level integration.
Related Terms
pain.001
pain.001 is the ISO 20022 message a company sends to its bank to initiate a credit transfer payment.
pacs.009
pacs.009 is the ISO 20022 message for a bank-to-bank credit transfer, where both the sender and receiver are financial institutions rather than end customers.
CBPR+
CBPR+ is the SWIFT-governed ISO 20022 standard that all banks must adopt for cross-border payments, replacing the legacy MT message suite.
MT103
MT103 is the legacy SWIFT free-text message used for single-customer cross-border transfers, being replaced by pacs.008 under ISO 20022 migration.
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Last updated: 2026-09-29