pain.001
Message Typepain.001.001.09
pain.001 is the ISO 20022 message a company sends to its bank to initiate a credit transfer payment.
pain.001 (Customer Credit Transfer Initiation) is the message format used to instruct a bank to move funds from a debtor account to one or more creditors. It is the ISO 20022 equivalent of the legacy free-text MT101 instruction and carries structured data: full beneficiary name and address, LEI, purpose code, and remittance information in a machine-readable format.
Under CBPR+ (the SWIFT cross-border ISO 20022 standard), structured address data was set to become mandatory, and MT101 was set to retire, on November 14/22, 2026. SWIFT postponed both requirements on August 27, 2026 after readiness data showed roughly 61% of payments still carried unstructured addresses; they now move to a future Standards Release with no confirmed date (expected by December 2026), and MT101/unstructured addresses may keep working until at least November 2027.
ISO 20022 defines the message; it says nothing about which asset settles the underlying value, and no coin is certified against it. The XRP profile on this site could not verify how RippleNet's On-Demand Liquidity flows map onto individual ISO 20022 message types, so this glossary does not claim a pain.001 mapping.
Crypto Relevance
A pain.001 instruction is a bank-side message. RippleNet appears on ISO's Registration Management Group member list, but the site could not verify how any coin network's flows map to individual ISO 20022 messages.
Related Terms
pacs.008
pacs.008 is the ISO 20022 interbank credit transfer message that replaces the legacy SWIFT MT103.
CBPR+
CBPR+ is the SWIFT-governed ISO 20022 standard that all banks must adopt for cross-border payments, replacing the legacy MT message suite.
SWIFT gpi
SWIFT gpi is the cross-border payment tracking layer that adds a unique end-to-end transaction reference (UETR) to every payment message.
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 updated: 2026-09-29