In November 2020, the G20 Leaders endorsed an ambitious roadmap aimed at revolutionizing cross-border payments. This initiative, known as the G20 Roadmap for Enhancing Cross-border Payments, seeks to address longstanding challenges such as high costs, slow processing times, and issues with accessibility and transparency. By 2027, the roadmap aims to make significant strides in improving the overall efficiency and reliability of these payments, benefiting individuals and businesses globally.
