Instant payments
Central Banking Awards 2020: the winners
All the winners in the 2020 Central Banking Awards
Payment services: Swift
The organisation has responded strongly to threats from cyber crime and the decline of correspondent banking
Tensions emerge in Fed’s push for instant payments
The US Faster Payments Council is in a better position than the Fed to tackle key issues, some say. Others welcome the Fed’s muscle in promoting competition
Cash increasingly used as store of value – BIS report
Cash “still king”, BIS authors say, but electronic payments are taking a bigger share of transactions
Somali governor says mobile money platforms play key role
Kristalina Georgieva says IMF offers “full support” to Somalia’s efforts to secure debt relief
Bank of Mexico launches mobile payments platform
CoDi offers instant payments between individuals and companies, and aims to promote competition and financial inclusion
Kansas Fed’s George defends proposed instant payments system
Former FDIC head Bair warns current payment systems could fail “catastrophically”
ECB prepares for ‘big bang’ move to new market infrastructure
Eurozone's payments, instant payments and securities settlement systems will merge by end of 2021
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, the central bank says
RBI in fintech and 24/7 payments drive
RBI announces 24/7 electronic payments, anti-fraud registry and more
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
RBNZ publishes new FMI regulation bill
Proposal would enhance central bank’s ability to hold market participants to binding standards
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
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
Riksbank needs 24/7 instant payments platform – deputy governor
Ever higher use of electronic payments demands better infrastructure to guarantee safety, says Martin Flodén
Swift announces trials with ECB instant payment system
Linking “Swift gpi” to ECB’s Tips will greatly reduce delays in settlement, consortium says
RBI unveils vision for e-payments overhaul
Central bank says next 10 years will see “revolutionary shift” in payments across India
Central banks complete first blockchain currency swap
Monetary Authority of Singapore and Bank of Canada link experimental local payment networks
Vocalink and IBM to provide Saudi faster payments system
Instant payment system slated for launch at the end of 2020
Argentina launches digital platform to foster financial literacy
Central bank will use platform to promote use of bank accounts and electronic payments