Handful of central banks have bilateral payment links
Projects are nascent and growing, but some countries seek multilateral links instead
Just a handful of central banks have bilateral instant payment system links established with other jurisdictions, data from the Payments Benchmarks 2025 shows.
Five of the 35 central banks that shared data on this issue have at least one bilateral link (14.2%). One is from the Americas, two from the Asia-Pacific region, one from Europe, and one from Africa. The European respondent has the highest number of connections, having established bilateral payment links with two jurisdictions.
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