https://uniteller.com/ut-blog/g20-cross-border-payments-roadmap/
Central to global trade and financial activity, cross-border payments have evolved dramatically over the years, bringing businesses greater convenience and speed when sending money around the world.
But despite this progress, challenges like high costs, slow processing times, and limited access still stand in the way of achieving a truly seamless global payments system.
A few years ago, the G20 Cross-Border Payments Roadmap was developed, with the aim of tackling such issues head-on to create a truly efficient, affordable, and inclusive ecosystem.
In this article, we’ll dive into what the Roadmap is, the key players behind it, and the global obstacles it’s addressing. We’ll also take a look at the progress made over the last year and how this initiative is shaping the future of cross-border payments.