The Central Bank of Bahrain partnered with SWIFT to hold Bahrain’s annual SWIFT national user group meeting, bringing together local SWIFT users to review developments in cross-border payments and messaging standards. Held on 8 April 2025 in Manama, the session drew over 60 representatives from licensed financial institutions and covered SWIFT updates including SWIFT’s Global Payment Innovation (GPI) and the Pre-Val service, which pre-validates payment data to reduce errors in payment messages. The agenda also addressed the requirements for ISO 20022 certification and referenced the objectives of the Group of Twenty (G20).
Central Bank of Bahrain 2025-04-09
Central Bank of Bahrain and SWIFT convene annual national user group meeting on payments enhancements and ISO 20022 certification
The Central Bank of Bahrain and SWIFT hosted Bahrain’s annual SWIFT national user group meeting in Manama, focusing on cross-border payments and messaging standards. Over 60 representatives from licensed financial institutions discussed SWIFT updates, including the Global Payment Innovation and Pre-Val service, as well as ISO 20022 certification requirements and G20 objectives.