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CPMI Report Identifies Steps to Enhance Cross-border Payments

“Cross-border payments suffer from a number of frictions – they can be slow, expensive, unreliable and unavailable in some countries. These shortcomings are longstanding and have been thrown into sharp relief by improvements in domestic payments and by developers of proposals for new payment arrangements, like Libra. To address these issues, in response to a remit from the G20, the Committee on Payments and Market Infrastructures (CPMI) today published a report – Enhancing cross-border payments: building blocks of a global roadmap – which aims to make lasting improvements in cross-border payments.”