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.

Let's block ads! (Why?)

BIS research papers

Read the full paper at:


Please enter your comment!
Please enter your name here