Central Banking

Payments overhaul under way in Aruba

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The Central Bank of Aruba (CBA) will transition away from operating the nation’s clearing system as it sets its sights on becoming payments regulator, a new report published by the central bank has revealed.

In the report, the central bank outlines its ‘payments road map’ for the next three years, envisaging a new framework to be implemented by the end of 2020.

“The current Aruban payment infrastructure… is clearly fragmented, inefficient and lacks innovation,” the central bank says in its

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