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
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- Uruguay’s digital currency pilot ‘close to launch’, says governor