About the programme

Faster, cheaper, more transparent and more inclusive cross-border payments, while ensuring safety and security, would have widespread benefits for citizens and economies worldwide, supporting economic growth, international trade, global development and financial inclusion. The G20 endorsed a roadmap, developed by the Financial Stability Board (FSB), in coordination with the CPMI and other relevant organisation, to enhance cross-border payments. It lays out a comprehensive set of actions covering 19 "building blocks" identified by the CPMI across five focus areas. Each of the building blocks individually has the ability to bring notable benefits to cross-border payments. However, due to their interdependencies, the most significant enhancements are likely to arise if the building blocks are advanced and implemented in a coordinated manner by public authorities and private actors. The CPMI leads the implementation of 11 of the 19 building blocks under the overall programme: two of these are in cooperation with the BIS Innovation Hub (BISIH) and another one with the FSB.

In case of questions, please contact CPMI Service.

FSB publications

13 Oct 2020 Enhancing Cross-border Payments: Stage 3 roadmap