  The global financial landscape is experiencing significant transformation
driven by technological advancements and evolving market dynamics. Moreover,
blockchain technology has become a pivotal platform with widespread
applications, especially in finance. Cross-border payments have emerged as a
key area of interest, with blockchain offering inherent benefits such as
enhanced security, transparency, and efficiency compared to traditional banking
systems. This paper presents a novel framework leveraging blockchain technology
and smart contracts to emulate cross-border payments, ensuring interoperability
and compliance with international standards such as ISO20022. Key contributions
of this paper include a novel prototype framework for implementing smart
contracts and web clients for streamlined transactions and a mechanism to
translate ISO20022 standard messages. Our framework can provide a practical
solution for secure, efficient, and transparent cross-border transactions,
contributing to the ongoing evolution of global finance and the emerging
landscape of decentralized finance.
