Average RTGS system processes millions of payments yearly
Benchmarking data shows wide range of transaction volumes
Central banks responding to the Payments Benchmarks 2022 reported a wide variation in the number of transactions processed by their real-time gross settlement (RTGS) systems.
The average number of payments transactions processed by respondents’ RTGS systems was 45.7 million over the last 12 months. The median value those systems processed was $80.2 billion in the same period.
//
BEHIND THE DATA: A high income country in Europe processed the highest number of payments – 808 million
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Payments
Colombia finance minister says no more rate hikes needed
Ocampo says December inflation figure of 13.1% was the peak level
There’s work to be done on RTGS contingencies
Central bankers from Canada, Thailand, Singapore and Brazil discuss RTGS backup planning
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
Payments Benchmarks 2022 – presentation
Payments specialist Riley Steward speaks about CBDCs, payments oversight, staffing and more
The race to adopt ISO 20022 payments messaging
Some do not plan to adopt the protocol, while others are preparing for a disjointed implementation
Payments Benchmarks 2022 – executive summary
Key findings of the 2022 report, including the emergence of a novel digital payments landscape
Payments Benchmarks 2022 report – on the shores of a digital future
Benchmarking data offer insights on mandates, staffing structure, oversight of payment services, RTGS design and management, and CBDC development
Non-bank access to RTGS systems still rare
Only a handful of central banks allow non-bank users