There is room to improve the infrastructure for payments made by individuals, firms and government agencies that cross borders, according to a report by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services.

Innovations such as mobile or e-banking have made cross-border payments more convenient but the key to making these payments faster and cheaper is better choice and diversity of clearing and settlement arrangements.

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BIS research papers

Read the full paper at: https://www.bis.org/cpmi/publ/d173.htm

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