G20 sets 2027 targets for faster, cheaper cross-border payments, XRP and Stellar cited

Financial institutions and corporations continue to face costly and slow international payment systems. Global policymakers have now established concrete targets and deadlines to accelerate improvements in cross-border transfers. A participant in a SibosTV panel highlighted ongoing challenges in cross-border payments, including high transaction costs, limited access, sluggish processing, and a lack of transparency. She emphasized that pinpointing root causes has been key to developing solutions. She indicated that G20 involvement has strengthened political support and driven progress among institutions working to modernize international payment systems.

Source: CoinTurk News