Argentina: Open Payments and Universal Access, Using a Functional Approach

Instant payments are now fully available across any institution in Argentina, bank or fintech, thanks to a comprehensive overhaul of the Argentine Electronic Fund Transfers regulation published in October 2020. The initiative aims to deliver 1500…

Albania—Chasing the Financially Excluded

Chasing excluded populations that don’t have access to financial services, which add up to around 60% of adult population, is considered to be crucial in addressing the heavily cash reliant economy in Albania and an important key to unlocking opportunities…

Recent Evolution of the Retail Payments Market in Hungary

Over the last decade, the Hungarian payments market has gone through a major development, and the use of electronic payment methods is constantly growing. The Central Bank of Hungary (MNB) actively contributed to the favourable processes in line with…

Dr. Reza Baqir, Governor, SBP Launches Pakistan’s National Payment Systems Strategy to Accelerate Digital Transformation

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

A New Payments Architecture for the UK

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…

CoDi: An Evolution of Mexico’s Main Payment System

One of the three objectives of Banco de México, as established by its law, is to foster the proper functioning of payment systems. We have worked towards accomplishing this mandate through the operation of Mexico’s most relevant payment system, SPEI,…