The BIS Innovation Hub (BISIH) has developed Nexus, which is a blueprint to connect IPS globally in a multilateral and scalable manner. Nexus achieves this by standardising the way IPS connect to one another by leveraging on a common set of Application…
Fast-growing mid-market businesses are increasingly embracing the dual objectives of payment digitalization and sustainability in pursuit of international growth goals. Unfortunately, mid-market businesses that are diversifying their exports haven’t always…
The third annual Central Bank Payments News supplement features insightful perspectives from six leading players in the global payments ecosystem who are working closely with central banks to spark genuine transformation in payments.
A high-profile delegation of central bankers and innovators in the payments industry will be heading to Kuala Lumpur, Malaysia, this June for the Currency Research Global Payments Week 2024. To find out more about the themes guiding the events — the Central…
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…
