Central banks use many third parties for payments projects
Respondents mention various providers, with Montran the most frequently cited
The majority of central banks engage third parties to provide key payment services, ranging from infrastructure and technology providers to consultants and legal specialists.
Around two-thirds of respondents to the Payments Benchmarks 2022 said they contract third parties. A further 11 central banks said they do not.
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BEHIND THE DATA: A central bank from Africa said its top contracted vendors are “Perago, Swift, Preasumo, and Trustlink”, though its own IT team also works on the systems
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Payments Benchmarks 2023 – executive summary
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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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
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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
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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