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Navigating ISO20022 and Its Integration with the XRPL: A Focus on DalliPay

ISO20022: Revolutionizing Financial Communications

ISO20022, a pivotal financial industry standard, bridges the communication gap between human and digital systems. This standard offers a uniform messaging format across diverse financial processes, addressing challenges posed by varied data presentations and interpretations.

The Structure of ISO20022

  • Layered Approach: ISO20022 features a layered structure, with the top layer addressing primary business processes, the middle focusing on logical data models, and the bottom layer detailing data syntax.
  • Business Model Definition: The process begins with defining the business model, including activities, roles, and necessary information, systematically organized into components.

Synergy with XML and Flexibility

  • Preferred Syntax: While XML is the predominant syntax, ISO20022 maintains flexibility, allowing for other formats under mutual agreement.
  • Shared Repository: A comprehensive dictionary and shared repository ensure universal understanding and reusability of components.

Enhancing Financial Messaging and APIs

ISO20022 serves as a reference for standardizing messages and APIs, promoting well-structured financial communications and fostering interoperability among various standards.

ISO20022 and the : The Case of

DalliPay: Streamlining SME Transactions

  • Objective: DalliPay aims to simplify payments for SMEs by leveraging the XRPL for direct transactions from financial software.
  • Overcoming Traditional Banking Limitations: By bypassing SWIFT and SEPA, DalliPay offers instant transactions and transparency, addressing the inefficiencies of traditional banking systems.

Operational Mechanics

  • Simplified Payment Process: SMEs can export payment files in formats like ISO20022 pain001, which are then converted and sent via the XRPL.
  • Receiving Payments: Incomings are exported in the ISO20022 camt format, ensuring seamless integration with existing financial software.

Requirements for Optimal Functioning

  • Software Compatibility: Financial software must support specific ISO20022 formats.
  • Openness to XRPL Payments: Business partners should accept payments in XRP or IOUs for effective utilization of DalliPay.

Additional Tools for SMEs

  • XrplCheckout: Facilitates optional transfers using XRP or IOUs for invoicing.
  • Cryptocurrency Acceptance: In regions like Switzerland, businesses can indicate cryptocurrency acceptance on QR invoices.


ISO20022's integration with the XRPL, exemplified by DalliPay, marks a significant advancement in financial transactions for SMEs. Offering efficiency, cost-effectiveness, and transparency, DalliPay exemplifies the potential of combining traditional financial standards with modern technology. As the financial world evolves, platforms like DalliPay are set to redefine the transactional landscape for businesses globally.

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