ISO20022string

PurposeCode

ISO20022: Underlying reason for the payment transaction, as published in an external purpose code list. API: The following values are allowed for Payment Request

CodeNameDescription
ACCT
AccountManagementFunds moved between 2 accounts of same account holder at the same bank)
CASH
CashManagementTransfer(general cash management instruction) may be used for Transfer Initiation
COMC
CommercialPaymentTransaction is related to a payment of commercial credit or debit.
CPKC
CarparkChargesGeneral Carpark Charges Transaction is related to carpark charges.
SALA
SalaryPaymentTransaction is the payment of salaries.
TRPT
RoadPricingTransport RoadPricing Transaction is for the payment to top-up pre-paid card and electronic road pricing for the purpose of transportation.