Changes implemented as per ISO 20022
As of November 25, 2024, changes related to payment documents will enter into force in Kazakhstan. One of the main updates are new fields for adding actual payer/recipient, country of residence of transmitter/beneficiary.
It is not required to specify the actual payer, actual (ultimate) recipient, if they coincide in one person respectively with the transmitter, beneficiary.
When specifying the country of residence, it is necessary to use the international two-letter country code corresponding to ISO 3166-1-2016.
These changes will help to improve the accuracy and transparency of payments, especially with the participation of several parties. It is recommended to prepare your systems in advance to work with new requirements.
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