G20 Roadmap for Enhancing Cross-Border Payments

This document is a scorecard report focusing on direct access and price transparency within the G20 Roadmap for Enhancing Cross-Border Payments. The Roadmap, established to tackle inefficiencies in global cross-border payments, identifies high costs, low speed, limited access, and insufficient transparency as significant challenges. The report emphasizes the importance of improving access and transparency to reduce costs and enhance speed, particularly for retail consumers. It critiques the current state of transparency, especially in Building Block 2, which addresses all elements of transparency in cross-border payments. The report aims to assess the commitments of G20 members regarding price transparency and direct access to payment systems for non-bank institutions. It utilizes a scorecard framework to evaluate progress in these areas, highlighting the need for better disclosure of transaction costs and the challenges posed by existing regulations. The analysis includes a review of the CPMI Monitoring Survey and user market research across G20 nations.