Central Bank of Sri Lanka: Fast Payments for Everyone — CEFTS Implementation in Sri Lanka

In Sri Lanka, the implementation in 2015 of its fast payment system, the Common Electronic Fund Transfer Switch (CEFTS), marked a significant milestone that steered the country's payment infrastructure towards enabling interoperability, innovation, and…

Modernisation of the National Payment System: A Perspective from the Central Bank of Trinidad and Tobago

The global evolution of payments is changing the payments landscape of Trinidad and Tobago. The Central Bank of Trinidad and Tobago has seen new players offering new payment services and products. These new products and services, supported by fintech…

Unifits: The Hidden Costs of Payment Clearings and Silos — A Vision for Global Efficiency

The time is ripe for a coordinated effort to streamline and modernize payment clearings. For central banks and leading policy-makers, addressing inefficiencies is not just about cost savings; it is about preserving financial stability, fostering innovation,…

Bit by Bit: How Data are Enhancing Payments

The steps the Bank of England is taking are designed to ensure the benefits of payments data are available to all RTGS users, irrespective of how they access their data. In doing so, the Bank aims to move towards an objective of richer payments data,…

Tokenization in Financial Markets - Unlocking the Future of Financial Innovation

This article provides some of the initial findings from a longer piece of research on Tokenization in Financial Markets conducted by the World Economic Forum in collaboration with Accenture.

ProgressSoft: Advancing Trust in Mandated and Salary Transfers

Every payment has a purpose, and these purposes have expanded remarkably — from invoice payments and utility bills to salary transfers, personal donations, association subscriptions, and beyond. With this versatility comes significant responsibility for…

Central Bank of Jordan: Transforming Jordan’s Financial Landscape

Jordan’s financial sector is undergoing a remarkable transformation, with the Central Bank of Jordan (CBJ) at the helm, leading the charge toward modernization. Amid regional challenges, Jordan has emerged as a center of stability, resilience, and innovation.…

Malaysia's Journey in Combating Financial Fraud - A Case Study on Ecosystem Collaboration and Innovation

The National Fraud Portal from Bank Negara Malaysia and PayNet Malaysia marks an important step forward for the country in combating financial fraud. Serving as an agent of change in data standardisation and ecosystem collaboration, the NFP is not merely…

Enhancing Cross-Border Payments in the U.S.

As cross-border payments take center stage in today’s globalized economy, Margaret Weichert, Chief Product Officer at The Clearing House, explores the latest initiatives shaping the industry

Stablecoins & Tokenization: New Forefronts in Innovation for Central Bankers

Over the last year, Visa has engaged in cutting edge research around onchain analytics and on-the-ground stablecoin user surveys in emerging markets to better understand their impact.