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.
XRP-based ODL routes work by receiving pacs.008 instructions at the sending institution, converting the value to XRP, settling on the XRPL in 3-5 seconds, then converting XRP back to the destination fiat and generating a pacs.008 confirmation at the receiving end. The ISO 20022 wrapper is preserved throughout.
Crypto Relevance
pacs.008 is the most direct evidence of XRP's institutional relevance — Ripple ODL specifically handles pacs.008 messages at both ends, meaning the XRPL is embedded inside the most common cross-border payment message in the world.
Get the institutional context, investment implications, and common misconceptions about pacs.008 — a When Moon 589 editorial deep dive for ISO 20022 investors.
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Join ISO 20022 investorsRelated 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 reviewed: 2026-05-17