Central Banking

RBA's Lowe on reform of the payments system

In a speech on 'Reform of the payments system' given on 2 March, Philip Lowe of the Reserve Bank of Australia said the reform process has been going on for a number of years and we are not yet at the end of the road.

In his speech to the Visa International Australia and New Zealand Member Forum Lowe addressed four topics. "The first of these is the Reserve Bank's general approach to the reform process. The second is the reforms to the credit card system. The third is the proposed standards for

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FedNow – at last

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

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