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This is evolving slowly but surely - take a look at ISO20022 [1] and its adoption by SEPA network [2] in Europe (more slowly - adoption by most other banks throughout the world).

ISO isn't perfect but most things are just a minor XML adjustment, and the schema is well structured.

Europe/SEPA has free non-urgent transfers up to a certain amount. [3]

How do you increase adoption for this except to get involved politically and lobby? Unless you plan on rolling your own - in which case good luck.

[1] https://www.iso20022.org

[2] https://www.ecb.europa.eu/paym/integration/retail/sepa/html/...

[3] https://www.europeanpaymentscouncil.eu/what-we-do/sepa-insta...



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