ISO 20022 · Purpose
RETLRetail Payment
Published definition
Retail payment including e-commerce and online shopping.
Additional source information
Retail Payment is a common business / financial classification, and distinct from existing codes GDDS (Purchase Sale Of Goods) and GDSV (Purchase Sale Of Goods And Services).
Code set and usage
Purpose contains 366 registered codes. Its exact identifier is ExternalPurpose1Code.
Specifies the external purpose code in the format of character string with a maximum length of 4 characters. The list of valid codes is an external code list published separately. External code sets can be downloaded from www.iso20022.org.
Use the code with the applicable message version and implementation guide. A matching code value alone does not establish the same meaning in another set.