The G20 has established targets to improve the speed and cost of cross-border payments by 2027, aiming for 75% of wholesale and retail payments to be credited within an hour, and similar targets for remittances. Retail payment costs should average 1% or less globally, with no corridor exceeding 3%, while remittance costs aim for 3% or less by 2030. Progress is ongoing, with 35.4% of sampled services able to credit recipients within an hour as of 2025. The Financial Stability Board is coordinating implementation, emphasizing the importance of domestic payment systems in achieving these goals. XRP and Stellar Lumens (XLM) are not designated as solutions to meet these targets.
The G20's cross-border payment targets aim for 75% of payments credited within an hour by 2027, with cost goals for retail payments at 1% or less globally. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 25, 2026 18:31 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell. Notable movers include SAND at Rp870 with a 4.23% decline and a typical hold time of 124 days, XTZ at Rp5.155 down 3.99% with 100% buy order activity, and SNX at Rp3.519 down 3.85% also with 100% buy order activity.
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