QNB

QNB Egypt Announces Implementation of ISO 20022 to Enhance the Global Payments Experience

Posted on : Tue, 13 May 2025

QNB Egypt is pleased to announce its full adoption of the ISO 20022 standard for international financial transactions over the SWIFT network, making it one of the first banks in the Egyptian market to implement this modern global messaging standard.
This achievement forms part of the Bank’s strategy to enhance transparency, efficiency, and security in international money transfers, in line with the latest global technological developments and trends.
ISO 20022 is a new global standard for financial messaging that enables richer data exchange and faster processing between financial institutions, thereby improving the customer experience in international transfers.
Mr. Mohamed BEDEIR, Chief Executive Officer of QNB Egypt, stated: “We are proud to be among the first banks to implement the global ISO 20022 standard, reflecting our ongoing commitment to providing our clients with the most advanced financial solutions. This strategic step will bring a positive transformation in the international payments experience and reinforce our leadership in payment services within the Egyptian market. It also underscores the Bank’s continued dedication to accelerating digital transformation and enhancing operational efficiency in line with the latest international best practices.”