Payment and settlement systems and services have become vital components of the economic life of contemporary societies. Over the last decades, they have gone through several waves of reforms that have...
Reforms in the area of retail payments are becoming increasingly important. Given the nature of retail payment systems and the structure of the retail payments industry, there are multiple challenges and...
Retail payment systems play an important role in the smooth functioning of any economy, and thus any inefficiency in the retail payments market can send negative effects cascading throughout the financial...
Governments, regardless of their country’s stage of economic development, make payments to, and collect payments from individuals and businesses. Financial resources are also transferred between the various...
The payments system is the infrastructure (comprised of institutions, instruments, rules, procedures, standards, and technical means) established to enable the transfer of monetary value between parties...
The payments and securities settlement system is the infrastructure (comprising institutions, instruments, rules, procedures, standards, and technical means) established to effect the transfer of monetary...
The flow of funds from migrant workers back to their families in their home country is an important source of income in many developing economies. The recipients often depend on remittances to cover day-to-day...
This working paper presents a model for Terms of Reference (TOR) for a cooperative body in the field of payments and securities settlement. This model is part of the methodology used for the assessment...
This working paper presents a model for Terms of Reference (TOR) for a cooperative body in the field of payments and securities settlement. This model is part of the methodology used for the assessment...
This study focuses on the oversight of payment systems as a tool to develop payment infrastructures in modern market economies. It identifies institutional instruments that oversight agencies may use to...