Most central banks regulate or operate instant payment systems

Bank accounts, phone numbers and QR codes are most common access tools for instant payments

Fifty-two per cent of central banks regulate or operate an instant payments system, data from the Payments Benchmarks 2023 shows.

The maximum reported volume of instant payments was nearly 1.2 billion, and the median 9.7 million. Instant payments’ maximum reported value was $6.39 trillion, with a median reported value of $4.83 billion.

Among the institutions with access to the central banks’ instant payment systems, 82% were banks. The mean figure for payment service providers was 5% of

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