Enhancing cross-border payments: state of play and way forward

Key takeaways 

• The G20 Roadmap for enhancing cross-border payments has created significant momentum. Most international policy actions are completed, providing a solid foundation for addressing persistent cross-border payment challenges and fostering a more inclusive global payments ecosystem.
• However, it is unlikely that the end-2027 targets envisaged by the G20 will be achieved on time, and improvements in outcomes for end users have so far been modest.
• Timely and consistent implementation of the Roadmap priorities, both within and beyond G20 jurisdictions, is essential to achieve the Roadmap's goals and must be accompanied by robust public-private collaboration.

The views expressed in this publication are those of the authors and do not necessarily reflect the views of the BIS or its member central banks.