Central Banking

Central banks urged to increase monitoring of retail payment innovation

paul-tucker

Central banks may need to "step up efforts" in collecting statistical data and conducting analytical research to monitor and assess new developments in retail payments, according to Innovations in retail payments, a new report issued by the Committee on Payment and Settlement Systems (CPSS) of the Bank for International Settlements.

While the report said "only a few innovations have so far had a significant effect on the markets", and most innovation remains at a domestic level aimed at speeding

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.