Payments Benchmarks 2023 – executive summary

Payments are undergoing rapid technological change, creating opportunities – and challenges

Recent banking sector stresses and failures in Europe and the US have emphasised that liquidity and prompt payments are critical to the functioning of the entire financial system. Issues in payments for one bank can quickly spiral into systemic failures and regulator intervention.

The Payments Benchmarks 2023 present original data on how central banks are approaching digital currencies, ISO 20022 messaging standards, high-value payments systems, and more.

Payments – and their associated

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