G20 Roadmap for Enhancing Cross-Border Payments Scorecard Report

This technical report evaluates the progress of G20 member countries in enhancing cross-border payments, specifically focusing on direct access and price transparency. It outlines the current state of commitments made by G20 members to improve these aspects, which are crucial for reducing costs and increasing transaction speed. The report employs a scorecard methodology to assess the effectiveness of existing regulatory frameworks and provides actionable policy recommendations based on qualitative and quantitative data. Key developments over the past year include advancements in regulatory guidance and transparency frameworks in several countries, while also noting areas where progress has stalled. The report emphasizes the importance of collaboration between public and private sectors to achieve the G20 targets and highlights the ongoing challenges faced in the global payments landscape, including high costs and limited access. The findings aim to support countries in fulfilling their commitments made in 2020 and encourage further action towards achieving the roadmap's objectives.