Payments
Overseeing China’s payments revolution
PBoC has tried to strike balance between bigtech innovation and reining in risks
Venezuela uses Bank of Spain to carry out international transfers
Maduro regime faces sanctions to prevent it accessing US financial system
Fed aims for 24/7 instant payment system in US
FedNow Service should be available in 2023 or 2024, and Fed promises upgrade to existing systems
Costa Rican banks to adopt IBAN by October
Adopting international standard will modernise payments system, central bank says
Oman finalises plan to modernise payments
Central bank hopes to bolster fintech within the country
Cash usage keeps falling in Netherlands
In 2018, 37% of purchases were paid for in cash, down from 41% in 2017
Swift says Singapore trial cut cross-border payment times
Network argues existing payments systems can be used for cross-border transfers
Belize starts charging banks for payment processing
Central bank had previously shouldered the cost of the payment system
Swift bullish on future of cross-border payments
Tests of GPI system show faster, more transparent cross-border payments, Swift says
Mobile financial services bring firms into formal economy - BdF paper
New technologies cuts size of ‘informal’ economy in developing world, researchers find
RBNZ highlights cash advantages as usage declines
New Zealand central bank aims to protect sectors of society more reliant on cash
Riksbank investigates adoption of T2S for securities trading
Central bank thinks securities settlement must move towards faster, round-the-clock operations
Denmark’s RTGS proves resilient to liquidity stress test
Kronos responds to IT failure, lack of access to money markets and reduced intraday credit
Central banks complete first blockchain currency swap
Monetary Authority of Singapore and Bank of Canada link experimental local payment networks
Bank of Zambia urges country to embrace financial technology
Zambian payments app becomes integrated with Visa and MasterCard
Iceland central bank holds first meeting of payment council
New body aims to ensure security and efficiency in payments and financial infrastructure
Bank of Uganda poised to take control of mobile money services
Deputy governor stresses need for regulation in financial institutions
Bundesbank official calls for pan-European mobile payments champion
Board member hopes Europe can compete with US and China in fintech
Riksbank reports positive feedback on second e-krona report
Central bank argues electronic currency would protect access to state-guaranteed money
Bank of Mexico and Amazon to co-operate on mobile payments system
Central bank aims to tackle low banking levels through digital payments
Danish mobile phone use cuts cost of P2P payments
Widespread adoption of technology fosters more efficient operations
EU to cut price of cross-border euro payments
Amended law will also give customers information on currency conversion charges
Riskbank studies joining eurozone instant payments platform
Adopting Tips could lead to efficiency gains for Sweden, central bank says
ECB launches eurozone real-time retail payments platform
ECB aims to prevent fragmentation of European real-time payments market