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,…
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…
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…
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…
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…
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…
Sharoon Rasheed and Rehman Pervez from the State Bank of Pakistan’s Payment Systems Department provide an update on the exciting new developments transforming Pakistan’s payments landscape
Payments Modernization is progressing on a global scale, addressing consumer and business needs for greater speed, flexibility and security. Moreover, the entire payments landscape is evolving. The introduction of new technologies and capabilities, the…
Pay.UK runs the UK’s non-card retail payments operations – owning and operating Bacs, Faster Payments and the Cheque and Credit Clearing Company. As the single operator for these systems we act as the guardian of an infrastructure and services that enable…
