G20 Targets for Enhancing Cross-border Payments
In 2021, the G20 Leaders endorsed the Targets for Addressing the Four Challenges of Cross-Border Payments: Final Report (Targets report), which established 11 global targets across three market segments: wholesale payments, retail payments, and remittances. These targets define the Roadmap’s ambition for addressing the four challenges, create accountability and provide a common vision for the improvements sought under the Roadmap.
In 2022, the FSB adopted and the G20 endorsed Developing the Implementation Approach for the Cross-border Payments Targets: Final Report (Implementation report), which set out the KPIs for monitoring the targets.
