Stakeholder engagement
Cross-border Payments Interoperability and Extension (PIE) task force
The G20 Roadmap for Enhancing Cross-border Payments is an ambitious and comprehensive initiative aimed at addressing the challenges of cross-border payments. It requires coordinated efforts from authorities and private sector stakeholders globally, with engagement from a diverse range of market participants being critical to its success. A key focus of the Roadmap is enhancing the interoperability of payment systems to reduce fragmentation. Progress in technical interoperability and the extension of payment systems – both in functionality and participant access – are expected to enhance cross-border payments.
The Cross-border Payments Interoperability and Extension (PIE) task force supports the Roadmap by providing expert advice on market conventions and industry practices. It also recommends steps to strengthen these practices and facilitates regional and global coordination to share insights and findings with market participants.
