Most real-time gross settlement (RTGS) systems are more than three years old, highlighting the long-term nature of these critical pieces of financial infrastructure.
More central banks report they last upgraded their RTGS system before 2020 than in any year after, data from the Payments Benchmarks 2023 shows.
However, there are widespread projects underway to upgrade these systems. Nearly 60% of central banks plan an upgrade in the next year.
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