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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