Template-Type: ReDIF-Article 1.0
Author-Name:  Viviana Alfonso C
Author-Name: Alexandre Tombini
Author-Name: Fabrizio Zampolli
Title: Retail payments in Latin America and the Caribbean: present and future
Abstract: Retail payment services in Latin America and the Caribbean are characterised by high costs and insufficient access for large swathes of the region's population. To overcome these limitations, some of the larger central banks in the region have taken the lead to introduce fast retail payments and develop an open banking ecosystem. Several others have launched central bank digital currency pilots. The shift to digital payments, which is supported by these policy initiatives, is likely to receive further impetus from the Covid-19 pandemic.
Journal: BIS Quarterly Review
File-URL: http://www.bis.org/publ/qtrpdf/r_qt2012f.pdf
File-Format: Application/pdf
File-URL: http://www.bis.org/publ/qtrpdf/r_qt2012f.htm
File-Format: text/html
Year: 2020
Month: December
Classification-JEL: E42, E58
Handle: RePEc:bis:bisqtr:2012f