“With most of the world’s payment systems adopting ISO 20022 by 2025, the coming years will be crucial for converging on a harmonised use of the messaging standard to fully leverage its potential to make cross-border payments faster, cheaper and more transparent. This article provides an update on a workstream of the G20 cross-border payments programme focused on the harmonisation of ISO 20022 for enhancing cross-border payments. The work is being driven by the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI). The article includes highlights from a stocktake of global ISO 20022 adoption by payment system operators.”