Payments
Sarb releases ‘first-of-its-kind’ payments study
Central bank claims report is first comprehensive analysis in Brics countries
Swift tailors its operations for digital assets
Network says DvP and PvP capability will let securities buyers pay for and exchange tokens simultaneously
BIS begins design phase of Project Agorá
More than 40 firms join leading central banks in efforts to overhaul cross-border payments
Cash use supporting ‘shadow economy’ in Slovakia – study
Central bank research points to “substantial” activity intended to avoid regulatory scrutiny
Covid led to shift in cross-border payment flows – Brazilian study
Pandemic resulted in changes across sectors, instruments and types of economy
Yuan will not rival dollar for foreseeable future – Fed study
Figures show aggregate usage of currency lags behind that of euro, yen and pound
Digital payments ‘indispensable’ in driving development – Tombini
BIS Americas chief says central banks should continue promoting FPS and CBDCs
South Korea and Indonesia set up currency transactions framework
Move is latest regional effort to bolster use of local currencies for settling trades
Fed study finds there are no truly offline payment systems
Hybrid solutions mitigate some risks, say researchers
SNB launches instant payments system
Swiss central bank says system will enable “final settlement” within seconds, 24/7
Bank of Israel reports continued rise in digital payments
Survey shows increase pre-dates emergency measures brought in during Gaza war
Customer verifications have slashed fraud across Europe – ECB, EBA study
Problem greater in non-EEA countries with looser security requirements, says research
Asia’s central bankers bullish over cross-border payments
Policy-makers at Asia Summit also spoke of gradual pick-up in use of local currencies
Innovate to defend status of central bank money, says BoE
Bank “exploring options” to widen access to settlement
DNB study sounds alarm over youngsters’ payment habits
“Fun” justifications for big purchases storing up trouble for future, says research
Palestinian Monetary Authority launches instant payment system
Move aimed at providing alternative to traditional services damaged during conflict
UAE to link payments system with Indonesia and Ethiopia
UAE and Ethiopia sign currency swap agreement worth up to $817 million
BoE’s high-value payment system hit by ‘global payments issue’
Settlement of some payments delayed after problem originating with Swift; ECB delays closure of Target systems
Eurozone consumers’ smart payments use limited – ECB paper
Many customers believe merchants do not accept non-cash methods, researchers say
FSB issues recommendations to improve cross-border payments
Data flows and payment service providers among the key areas of concern
Cash use on the decline in Germany
Card and mobile payments gain ground as cash’s share of payments falls to 51% in 2023
Iran and Russia connect payments systems, governor says
Move comes after central Asian banks and payments systems have cut ties to Mir
African countries plan to link payment systems – Rwangombwa
Rwanda central bank governor promotes scope for fintech growth in Africa