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OverviewAPI
The G20 has launched a roadmap to improve cross-border payments by 2027, emphasizing interoperability, regulations, and data standards. Efforts aim for 75% of payments to be processed within an hour by 2027, with a focus on adopting ISO 20022 standards. The U.S. is set to migrate to ISO 20022 by 2025, underscoring the importance of public-private collaboration for regulatory alignment and global economic progress.

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