همفکران فناوری شریف
1Introduction
Cross-border payments are often expensive, slow, opaque and hard to access. In October 2020 the G20 endorsed a roadmap coordinated by the Financial Stability Board.
2Discussion
It sets 2027 targets, including 75% of cross-border payments credited within one hour, average retail payment costs of no more than 1%, and remittance costs of at most 3%.
3Conclusion
The FSB publishes annual progress reports and pursues measures such as linking fast payment systems, message standardisation (ISO 20022) and extended settlement hours.
Sources
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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