Post by Swift

Improving the state of cross‑border payments is a global ambition shared by the G20. As part of its roadmap to enhance cross‑border payments by 2027, the G20 set clear goals around speed, cost, transparency, choice and access. Real progress is already underway. Today, 75% of transactions over Swift reach the destination bank within 10 minutes, exceeding the G20 target. But there’s more to do. Consistency of experience, financial inclusion and delays beyond the Swift network still need to be addressed. That’s why our payments scheme plays a critical role, helping move the industry closer to cross‑border payments that work better for everyone, everywhere. 👉 Learn how banks including Commonwealth Bank, City Bank, DenizBank and Deutsche Bank – alongside more than 50 others – are bringing this vision to life: https://lnkd.in/eUU2NeSn #CrossBorderPayments #SwiftScheme #G20