CPMI seeks better governance of fast payment links
Linking up fast payment systems (FPS) is one of the most promising means of improving cross-border payments, but governing them remains challenging, the Committee on Payments and Market Infrastructures says in a new report.
“Opportunities to foster FPS interlinking have grown with the proliferation of FPS globally and trends towards greater interoperability at the technical level,” the CPMI says in the report. However, it adds governance and oversight are “especially challenging” due to the
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