Payments is one of the fastest-moving areas of central banking. Innovation is moving at pace, and, as the Payments Benchmarks 2024 highlight, many central banks are upgrading their systems to keep up with these trends.
The model banks analysis sheds more light on how payments are governed at advanced economy (AE), emerging market economy (EME) and low income developing country (LIDC) central banks.
Resourcing is a challenge shared across these economic groups, however the issue is more acute for
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