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International Payments Framework Association PowerPoint Presentation
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International Payments Framework Association

International Payments Framework Association

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International Payments Framework Association

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    1. International Payments Framework Association Simplifying International Credit Transfers through Global Standards

    2. 2 IPFA Concept Defining rules, standards and operating framework Simplifying non-urgent cross-border credit transfers Leveraging existing payment networks and international standards e.g. ISO 20022 Enabling interoperability between domestic and regional non-urgent payments systems and banks

    3. 3 Why? Globalization is continuing to drive a broader base of clients who demand cost-effective, less complex payment services with a wider reach The International Payments Framework approach is to enable locally originated non-urgent credit transfers to reach markets around the world Leverage existing railways, enhancing existing rules and deploying existing international standards

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