Template-Type: ReDIF-Paper 1.0
Author-Name: Codruta Boar
Author-X-Name-First: Codruta 
Author-X-Name-Last: Boar
Author-Name: Stijn Claessens
Author-X-Name-First: Stijn 
Author-X-Name-Last: Claessens
Author-Name: Anneke Kosse
Author-X-Name-First: Anneke 
Author-X-Name-Last: Kosse 
Author-Name: Ross Leckow
Author-X-Name-First: Ross 
Author-X-Name-Last: Leckow
Author-Name: Tara Rice
Author-X-Name-First: Tara
Author-X-Name-Last: Rice
Title: Interoperability between payment systems across borders
Abstract: Interoperability among payment systems – as the foundation for enhancing cross-border payments – requires technical, semantic and business system compatibility so that end users can seamlessly transact with each other across systems.
Public and private sector options in pursuing cross-border payment system interoperability can be illustrated using four stylised models, ordered in increasing complexity and cost but also greater efficiency – a single access point, bilateral link, hub and spoke or a common platform.
The BIS Innovation Hub is putting theory into practice with several innovative projects to foster interoperability across the four stylised models.
An ambitious, multi-year G20 programme to enhance cross-border payments is under way.
Length: 9 pages
Creation-Date: 2021-12-10
File-URL: https://www.bis.org/publ/bisbull49.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/bisbull49.htm
File-Format: text/html
Number: 49
Handle: RePEc:bis:bisblt:49