Around two-fifths of central banks planning instant payments

Central banks processed instant transactions with average value of over $124 billion in 2023

Most central banks have instant payment systems, but most institutions without the service say they are planning to launch one, the Payments Benchmarks 2024 find.

Instant payments are already functional in 23 (59%) of 39 jurisdictions. Fifteen (38.5%) respondents without the scheme, however, say they have the plan on their agenda. Only one central bank from an upper-middle income jurisdiction in the Americas says it has no plans for a payment scheme.

On average, the 21 respondents that supplied

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