---
title: "Road to G20 Goals: How to Make Payments Faster, Cheaper, More Accessible and More Transparent?"
description: Discover how to make global payments faster, cheaper, and more transparent. Join our panel on the G20's vision for a resilient payment system.
---

[SFF 2024 Session Recordings-Payments ](https://39936595.hs-sites.com/sff-2024-session-recordings-payments)

# [Road to G20 Goals: How to Make Payments Faster, Cheaper, More Accessible and More Transparent?](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/sff-2024-videos-payments/road-g-goals-make-payments-faster-cheaper-accessible-transparent)

 Written by [GFTN](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/author/gftn) | Nov 14, 2024 5:00:00 AM

 

This session at the Singapore FinTech Festival discusses the progress and challenges in meeting the G20 goals for cross-border payments. These goals aim to make payments faster, cheaper, more accessible, and more transparent by 2027.

 

Key highlights

 

**Progress and Challenges:**

- **ISO Adoption:** Slow adoption of ISO 20022 standards due to the complexities and investments required.
- **Regulatory and Technological Barriers:** Different countries’ regulations and the technological infrastructure impede progress.

**Alternative Solutions:**

- **Stablecoins and Digital Currencies:** Potential to significantly reduce costs and increase speed, though issues with regulatory acceptance and interoperability persist.
- **Bilateral Agreements:** Effective for certain regions but not a universal solution; questions about their scalability and the need for a central system.

**Security and Trust:**

- Ensuring transparency and security is crucial; need to balance speed and cost improvements with robust fraud prevention and cybersecurity measures.

**Long-Term Outlook:**

- Calls for continuous progress rather than perfection.
- Beyond 2027: Focus should extend to cyber resilience, maintaining financial inclusion, and addressing inclusion at the 'bottom of the pyramid.

**Need for collaborations: **

- The collective effort from governments, banks, fintechs, and other stakeholders is essential to achieve the G20 goals.
- Realistic approaches include making steady progress and embracing both top-down regulations and bottom-up innovations.

 

Conclusion

This discussion underscores the complexity of meeting the G20 goals but also highlights the ongoing efforts and collaboration required to overcome existing barriers.

 

Watch Full Session

 

Speakers:

- Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard
- Arif Khan, Chief Innovation officer, Razorpay
- Gajia Parsons, VP, Liquidity Partnerships, Circle
- Hassan Ahmed, Country Director, Singapore, Coinbase
- Milind Sanghavi, Founder & Chief Executive Officer, XWeave.io

 

Moderator:

- Irina Chuchkina, Chief Marketing Officer, Volt.io

[View full post](https://39936595.hs-sites.com/sff-2024-session-recordings-payments/sff-2024-videos-payments/road-g-goals-make-payments-faster-cheaper-accessible-transparent)

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