High income countries have larger share of staff devoted to payments
Structure of central banks’ payments sections differs across institutions
Central banks of high income countries appear to be employing more full-time equivalent (FTE) staff in their payments department, as a share of their total workforce.
Their peers in upper-middle income, lower-middle income and low income countries all have smaller proportions devoted to payments on average, the Payments Benchmarks 2022 show.
A total of 31 central banks responded to the question on FTE payments staff. Payments teams comprise more than 5% of total staff at high income central
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