In Conversation with Mark Gould, Chief Payments Executive, Federal Reserve Financial Services

Central Bank Payments News catches up with Mark Gould, a 30-year veteran of the Federal Reserve System and its first chief payments executive. In his new landmark role, Mark is responsible for leading the full range of cash and payment services provided…

Colombia: New Regulation for the Low Value Payment System

Based on the experience and regulations of other countries, such as the United Kingdom, Singapore, and Brazil, Decree 1692 of 2020 sets a new architecture for the low value payment system in Colombia. It adds objectives and principles for the operation…

El Salvador: Perspective on the Development of the Financial System, With an Inclusive Approach and Use of New Technologies

The Covid-19 pandemic made evident the situation of exclusion to digital financial services that characterises El Salvador. The government faced this problem in its first year in office. Food delivery services increased, but only with the use of cash…

Global Payments Summit: Toward Digital Sovereignty of European Retail Payments

The latest edition of the Europe Global Payments Summit, hosted online by Currency Research on 30 March, featured a high-profile panel on retail payments in Europe, bringing together a public and a private sector initiative ”with aligning views” on how…

Bangladesh: Payment Systems Development

The financial landscape of Bangladesh has been rapidly transforming, driven by deeper forces: i) the adoption of financial technology led by the omnipresence of the internet and availability of power; ii) opportunities created by the demographic dividend…

EMTECH: The Coming Modernization of Central Banking

EMTECH is the fintech of Modern Central Banking, helping regulators leapfrog existing regulatory frameworks and systems, and to adopt an innovation mindset as well as an innovation toolset, says D.R. Maurice, Chief Risk & Policy Officer. A Modern Central…

Instant Payments Serbia: The NBS IPS System of the National Bank of Serbia

The NBS IPS system is the first payment system in the country that enables instant money transfers, with an average processing time of just 1.2 seconds. The cap on individual transfer orders executed in the NBS IPS system is RSD 300,000 (around EUR 2,500).…

The Future of Cross-Border Payments: Canada’s Journey

The momentum of the FSB roadmap comes at an excellent time as Payments Canada is midway through a multi-year payments Modernization initiative. Guiding our country’s payments Modernization journey are the needs of Canadians, including financial institutions,…

Releasing a National Strategy for Retail Payments in Portugal: Foresight of Medium-Term Evolution

The launch of Banco de Portugal's National Strategy for Retail Payments | Horizon 2022 represents the start of a new phase: implementing a wide range of initiatives to modernise the national market and payment habits within the next two years.

National Bank of Tajikistan Takes Payment System to New Level

In 2015 and under new management, the National Bank of Tajikistan (NBT) started to implement a series of fundamental reforms in the country’s banking and insurance sectors, including payment systems. Thus, in order to strengthen the future development…