Last reviewed: · Curated by Ohmyfin Organisation editorial.
pacs.008 (FIToFICustomerCreditTransfer) is the ISO 20022 XML message that is replacing the SWIFT MT103 as the standard for customer credit transfers worldwide.
Details
It carries far richer structured data than MT103: explicit ordering customer, ultimate beneficiary, structured remittance information, structured addresses, and regulatory reporting fields. This unlocks better compliance, cleaner reconciliation, and richer analytics.
Coexistence with MT103 on the SWIFT network ends November 2025.
Key facts
ISO 20022 XML replacement for MT103
Far richer structured data
Coexistence with MT103 ends Nov 2025
Same UETR as the equivalent MT103
Frequently asked questions
Does Ohmyfin track pacs.008 the same as MT103?
Yes — Ohmyfin looks up payments by UETR, regardless of whether the underlying message is MT or MX.
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