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.
TRPT
RoadPricingTransport RoadPricing Transaction is for the payment to top-up pre-paid card and electronic road pricing for the purpose of transportation.