Some central banks directly regulate RTGS prices
Direct intervention in pricing of other payments means is less common, benchmark respondents say
Central banks responding to the Payments Benchmarks 2022 are much more likely to regulate the price of real-time gross settlements (RTGS) services, than other payments means.
A total of 19 central banks answered questions on whether they regulated the prices of five different kinds of payments service. Of those respondents, over two-thirds regulated RTGS services. In sharp contrast, only a minority directly regulated the prices of the other four kinds of service.
Some 14 central banks said
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Payments are undergoing rapid technological change, creating opportunities – and challenges
Payments Benchmarks 2023 report – moving money in shifting conditions
Data reveals differences in CBDC paths, RTGS systems, instant payment plans and budgets
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Median value of payments rose by $15bn from the previous benchmark
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Majority of central banks increased payments system divisions budgets in the past year
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Maximum number of institutions reported to have access to one RTGS system was 233
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