On 9 October 2025, the Financial Stability Board (FSB) published a consolidated progress report for 2025 on actions taken by it and other organisations under the G20 Roadmap for Enhancing Cross-Border Payments.

Background

Previously, the Saudi Arabian G20 Presidency made enhancing cross-border payments a priority and asked the FSB to develop and coordinate a G20 Roadmap. To give impetus to this work, the FSB, in collaboration with the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and other partner organisations, developed a prioritisation plan that focused on actions that would most effectively contribute to achieving the goals of the Roadmap for faster, cheaper and more transparent and accessible cross-border payments.

With the majority of the international work under the Roadmap completed, the FSB, the CPMI and partner organisations have turned their attention to facilitating and monitoring implementation of the agreed policy recommendations. This report discusses:

• Progressing work under the G20 Roadmap.
• Monitoring implementation of policy recommendations resulting from the priority actions.
• Measuring progress towards the Roadmap goals.
• Next steps to expedite progress towards achieving the Roadmap goals.

Findings

The report finds:

• While most of the international policy work under the G20 Roadmap has been completed – including some recent major milestones to address legal, supervisory and regulatory barriers – the impact has not yet translated into the desired level of tangible improvements for end-users.
• More needs to be done to turn the progress in the international work into real-world gains for end-users.
• Individual jurisdictions need to take practical steps to implement measures that will have downstream benefits. Such actions may include advancing the policy recommendations issued by the FSB and FATF in the last year on legal, supervisory and regulatory