Source: Bank for International Settlements
The development and importance of fast payments services are the focus of this report by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services.
The report sets out key characteristics of fast payments, takes stock of different initiatives in CPMI jurisdictions, analyses supply and demand factors that may foster or hinder their development, sets out the benefits and risks and, finally, examines the potential implications for different stakeholders, particularly central banks.
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