Payments
Bank of Finland makes renewed case for instant payments system
Solution would strengthen national security, bank says
Nigeria simplifies documentation for pan-African payments system
Revised process will affect PAPPS payments of up to $2,000 for individuals and $5,000 for businesses
Next phase of BoE RTGS project aims for atomic settlement
New platform settled £778 billion on first day of operation, deputy governor says
BoE’s RTGS service update goes live
Renewal expands access to payments infrastructure, with increased focus on cyber resilience
BIS, ECB, BoE develop synchronised cross-border FX transactions
BIS says Project Meridian FX reduces liquidity, credit and settlement risk
Danish krone becomes fully integrated into Target
National Bank of Denmark becomes first non-eurozone central bank to join Tips and T2 systems
SNB to launch support facility for instant payment system
Swiss central bank aims to promote instant payments with new secured loans from 2027
Brazil to introduce instalment function for Pix
BCB also plans to allow merchants to collateralise loans with future receivables on platform
RBNZ opens payment system to non-banks
Second phase will accept applications from payment service providers and overseas deposit-takers
ECB ‘assessing’ bilateral link to India’s UPI – Cipollone
Board member says US promotion of stablecoins presents real risks for EM central banks
BoT says payment systems still in operation following earthquake
Powerful quake hits Myanmar and Thailand as Bangkok’s stock exchange suspends trading
US banks create ‘new payment rail’ with tokenised deposits
Custodia and Vantage launch what they say is first tokenisation of a dollar demand deposit
Can central banks cut remittance fees to sustainable levels?
More action is needed to reach the UN’s 3% global average cost target. But central banks face limits on what they can do
Eurozone outlines payment verification system
ECB says new service will build on work by Portuguese and Latvian central banks
Moldova joins Single European Payments Area
Central bank hails “historic decision” that it says will save citizens €12 million annually
Fast payment systems enhance financial inclusion – BIS paper
Researchers examine systems’ spread in Latin America and Caribbean
Data from Covid liquidity programmes could improve markets – BoC study
Anonymising and aggregating information would assist with price discovery, argues research
Fed researcher unveils card fraud simulation model
Author says paucity of data means simulation is increasingly important in study of payment fraud
Digital euro could aid EU competitiveness – Cipollone
ECB board member argues for CBDC as bank says national card payment schemes are declining
Iraq to develop CBDC as part of wider digitisation drive
Central bank governor says e-payment methods will gradually supplant paper money
Preference for cash ‘can inhibit digital payment innovations’
Panellists at Central Banking Spring Meetings discuss hurdles and opportunities in sector
Fed researchers unveil more secure payment system model
Byzantine fault tolerant system can process 110,000 transactions per second
Norges Bank considers joining T2
Norwegian central bank says it anticipates deal could be reached this year
Brazil to enable Pix for contactless instant payments
BCB-managed platform to have point-of-sale function by late February