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

Thomas Lammer, Daniel Rees, Tara Rice and Takeshi Shirakami

No 119, BIS Bulletins from Bank for International Settlements

Abstract: 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.

Pages: 8 pages
Date: 2025-12-11
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