Central Banking

CPMI launches plan to boost cross-border payments

network-social
Getty Images

The Basel-based Committee on Payments and Market Infrastructures launched a wide-ranging plan to improve the global payments network on July 13.

In its report to the G20, the CPMI acknowledges “long-standing frictions” in cross-border payments. Some observers see proposals for global stablecoins, such as Facebook’s libra project, as having been a spur to action.

Speaking to reporters, CPMI chair and Bank of England deputy governor Jon Cunliffe said alternatives to the traditional payment

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: