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.

In Africa, the development of Instant and Inclusive Payment Systems (IIPS) and the use of open-source software like Mojaloop offer hopes of speeding up the onboarding of more than 350 million financially excluded adults on the continent.

Technology is revolutionising the provision of financial services. Central banks and other public authorities are identifying the opportunities this opens up, and one response has been to set up innovation functions. The Bank for International Settlements…

The past decade has been a game-changer for Jordan's financial ecosystem, especially in terms of digital financial services and financial technology. In the first half of the decade, the country saw major developments in digital infrastructure, legislative…

In part two of our interview with Ledia Bregu, Director of Payment Systems, Accounting and Finance Department for the Bank of Albania (BoA), the conversation turned to AIPS EURO, a new payments infrastructure launched in 2022, Albania’s EU membership…

Does centralized and industry-specific test automation for FMIs effectively solve multiple problems? Jonathan Misler of Unifits asks ChatGPT a series of questions to get an objective view on Unifits' products and whether they solve the problems they promise.

Since the G20 roadmap was launched in autumn 2020, considerable progress has been achieved across 19 different building blocks (BBs). The authorities internationally have developed a strong understanding of the issues, taken stock of emerging solutions…

Currently, SEACEN reaches out to 35 central banks (19 member central banks, 8 associate members, and 8 observers), and the Centre collaborates with 28 strategic partners in the areas of macroeconomic and monetary policy management, financial stability,…

In this series of articles, the Central Bank of Kenya explores recent developments in payments in Kenya, in line with the Bank’s vision of being A World Class Modern Central Bank. The country's payments ecosystem has undergone major developments and shifts…

The National Bank of Kazakhstan is building payment and digital financial infrastructure in the interests of everyone. These projects are aimed to stimulate competition, increase security and convenience, and, importantly, reduce the cost of financial…