Central Banking

Bank of Israel invites real-time payments proposals

bank-of-israel-flowers
The Bank of Israel
David Vaaknin

The Bank of Israel has launched a consultation inviting proposals for the country’s first real-time retail payment system.

Documents published on November 15 request interested parties to submit proposals for “at least” one infrastructure, which could be centralised or distributed.

Several systems may end up running in parallel, as is likely to be the case in the US where the first real-time offering went live on November 15.

The central bank envisages the Israeli system – or systems – being

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