Majority of central banks charge RTGS usage fee
Annual cost of running RTGS systems ranged between $35,000 to over $16 million
Over 80% of central banks charge participants of their real-time gross settlement (RTGS) systems a fee, according to Central Banking’s Payments Benchmarks 2021.
Of the 37 central banks that participated in the benchmark, only 33 provided details of their fee structure. While 28 central banks charge fees, a further five provide RTGS access for free.
Fifteen central banks provided data on their exact pricing, which ranged from annual fee structures to charging per transaction.
At those
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Data reveals differences in CBDC paths, RTGS systems, instant payment plans and budgets
RTGS systems are used free of charge in one-tenth of jurisdictions
RTGS systems are used free of charge in one-tenth of jurisdictions
Median RTGS system processes nearly $100bn annually
Median value of payments rose by $15bn from the previous benchmark
Primary RTGS systems have average $1.65m in operating costs
Majority of central banks increased payments system divisions budgets in the past year
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Respondents identify shortage of human capital, capacity building and dated technology as concerns
Few non-banks have access to RTGS systems
Maximum number of institutions reported to have access to one RTGS system was 233
Most central banks have payment and settlement supervision mandates
Payment system laws contain oversight powers in two-thirds of jurisdictions