Instant payments
CBDCs provide ‘clean slate’ for cross-border payments, says report
International bodies urge central banks to bolster CBDC co-operation
Large global banks sign up to new Swift platform
Payments consortium says new system will facilitate seamless transactions
Brazilian central bank publishes CBDC guidelines
Model under consideration would be intermediated by national financial system
Bahrain launches new cross-border payment pilot
Central banks plans to scale up system to handle CBDC transactions
UAE’s central bank connects RTGS system to Swift tool
New initiative allows participants to monitor progress of transactions in real time
Singapore’s SWF starts work on cross-border payment network
JP Morgan, DBS Bank and Temasek say project will build on collaboration with MAS
MAS and Bank of Thailand connect retail real-time payments
Transaction times will be reduced to minutes as opposed to one to two days, central banks say
BoE broadens access to RTGS with ‘omnibus’ account model
Accounts will allow payment system operators to ‘pool’ client funds for transfers in central bank money
RBI to give some non-banks access to payments systems
Indian central bank to allow non-bank payment service providers to use payments architecture
ECB’s digital euro consultation says public worried over privacy
Nearly half of responses to ECB come from Germany
Central bank of the year: The Federal Reserve System
Overwhelming Fed interventions in March 2020 forestalled a damaging global financial crisis, as policy overhaul prompts introspection in Europe and Japan
Wholesale CBDCs may not fix cross-border frictions – panellists
Policy-makers question whether CBDCs will make international payments faster and cheaper
Payments and market infrastructure development – retail: Central Bank of Hungary
The Hungarian central bank’s strict implementation requirements and unique operational setup has supported the acceleration towards electronic payments during the pandemic
Bank of Thailand plans overseas PromptPay connections
Central bank aims to connect to retail instant payment systems in other countries
Governor of the year: Alejandro Díaz de León
Díaz de León has upheld the authority, integrity and independence of the Bank of Mexico against significant external and internal pressures
Fed’s ‘operational error’ disrupts key payment services
Fedwire, ACH and other transfer systems suspended for several hours
Kenneth Montgomery on the Fed’s progress with instant payments
The FedNow project leader speaks about Covid-19 payment behaviours, a new liquidity management tool and what it will take to achieve ubiquitous instant payments in the US
Bank of Canada may speed research into central-bank e-currency
Deputy governor says digital cash “not foregone conclusion,” criticises crypto
Thai interbank platform starts ‘bulk payments’
Upgrade will increase operability between systems, company says
Ulrich Bindseil on the launch of the digital euro
The ECB’s director-general for market infrastructure and payments speaks about the functionality, tiering approaches, privacy policies, ledger technology and ecosystem impact of the eurozone's planned CBDC
The role of Tips for the future payments landscape
Tips could support euro CBDC plus cross-border payments in many currencies
Danish central bank moves closer to Target settlement systems
National Bank of Denmark applies to use T2 RTGS system and may start using Tips
Brazil launches instant payments platform Pix
Central bank governor says new system aims to foster competition and integration
ECB says Target2 outage was caused by third-party network device
“Root cause” was software defect in third-party network device in eurosystem’s network – ECB