Over the past decade or so, the prospects of long term economic, institutional and social gains from regional and global financial and trade liberalization have become more appealing to public and private...
Reforms in the area of retail payments are becoming increasingly important. Given the nature of retail payment systems and the structure of the retail payments industry, there are multiple challenges and...
Retail payment systems play an important role in the smooth functioning of any economy, and thus any inefficiency in the retail payments market can send negative effects cascading throughout the financial...
Governments, regardless of their country’s stage of economic development, make payments to, and collect payments from individuals and businesses. Financial resources are also transferred between the various...
This paper identifies and analyzes some policy issues arising from central bank experience and practice in supporting real-time gross settlement (RTGS) systems, both as settlement authorities and as service-providing...
The "balancing cooperation and competition in retail payment systems" provides answers to the following questions in the report. Why is retail payments efficiency and innovation key to economic and social...
"Balancing cooperation and competition in retail payment systems: lessons from Latin America case studies" presents the findings of four case studies in Latin America (Argentina, Brazil, Colombia and Mexico)...
The payments system is the infrastructure (comprised of institutions, instruments, rules, procedures, standards, and technical means) established to enable the transfer of monetary value between parties...