Payment ecosystems remain relatively unchanged over past year
Most central banks help price RTGS services and many do for credit transfers and direct debits
Most central banks say their retail payments system have not consolidated or diversified over the past year, data from the Payments Benchmarks 2023 shows.
Fifteen central banks out of 29 respondents say their zone or country’s retail payment system remained relatively unchanged over the past year. Two central banks say they saw consolidation, and 12 say they saw diversification.
The most common payment method that central banks price, or help to price, was payments over the real-time gross
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Payments Benchmarks 2023 – executive summary
Payments are undergoing rapid technological change, creating opportunities – and challenges
Payments Benchmarks 2023 report – moving money in shifting conditions
Data reveals differences in CBDC paths, RTGS systems, instant payment plans and budgets
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RTGS systems are used free of charge in one-tenth of jurisdictions
Median RTGS system processes nearly $100bn annually
Median value of payments rose by $15bn from the previous benchmark
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Majority of central banks increased payments system divisions budgets in the past year
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Maximum number of institutions reported to have access to one RTGS system was 233
Most central banks have payment and settlement supervision mandates
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