G20 targets 75% of cross-border payments within one hour by 2027, XRP highlighted

The G20 has set an ambitious new goal for international finance, aiming for 75% of all cross-border payments to reach recipients within one hour by the end of 2027. This objective, outlined in the G20’s Cross-Border Payments Roadmap, applies to wholesale, retail, and remittance transactions on a global scale. According to the Financial Stability Board’s 2025 review, global progress towards meeting the G20’s speed target is significantly behind schedule. Currently, only 54.6% of wholesale cross-border payments are processed within one hour. The situation for retail payments is even more challenging, with just 35.4% meeting the same timeline. With the 2027 deadline drawing closer, international payment systems must accelerate improvements to achieve these expectations. The roadmap also prioritizes reducing transaction costs.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.