The Central Bank of the Republic of Türkiye (CBRT) is playing a catalytic role in the development of a “robust and innovative payment landscape,” most notably with the establishment in 2021 of an instant payment system and, more recently, its work on…
At RTGS.global we recently facilitated a series of frictionless cross-border payments and settlements between a group of progressive institutions in three rapidly growing markets: Uzbekistan, Tajikistan and Georgia. This saw five banks, across three separate…
The instant payment ecosystem in Africa continues to show increased dynamism, as the number of instant payment systems (IPS) expands and more transactions run through them, as documented in the State of Inclusive Instant Payment Systems in Africa 2023…
The Legal Entity Identifier — as a unique global identifier — can solve the critical problem of insufficient transparency in counterparty identification in cross-border payments ecosystems. Why? Adding the LEI as a data attribute in payment messages allows…
As ISO 20022 adoption gains momentum, we believe that policymakers and the broader financial services community can leverage insights from the last 15 years of ISO 20022 implementations, while also drawing from card networks’ more than 40 years of experience…
Central Bank Payments News spoke to Binur Zhalenov, Chief Executive Officer of the National Payments Corporation of Kazakhstan, about the evolution and future of the Digital Tenge, its place within a broader digital revolution, and lessons Kazakhstan’s…
In June this year, the Asian Development Bank (ADB) published the report Connecting Market Infrastructures in ASEAN+3: The Project Tridecagon Proof of Concept. The report explained the result of the proof of concept (POC), which aimed to connect key market…
Our tour of the Western Balkans continues this month as we catch up with the National Bank of the Republic of North Macedonia’s Igor Velickovski, who discusses the transformative role of a recently enacted law on payments, North Macedonia’s SEPA ambitions,…
It will likely be private sector innovation that provides the key to unlocking faster, safer, more efficient, and less expensive cross-border payments. The private sector is well placed to advise on and illustrate the practicalities of how to improve…
Fast payments are an important layer in digital public infrastructures — i.e., foundational systems back boning the provision of essential functions and services in a modern society — with the potential to drive economic growth and sustainable development.
