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Faster digital payments: global and regional perspectives

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  • Bank for International Settlements

Abstract

This volume provides insights and lessons learned from a range of fast payment systems (FPS). Over 100 jurisdictions worldwide, including 15 jurisdictions in Latin America, have implemented FPS, which are a promising tool to improve people's payment experience, access to financial services and financial health. The first, overview chapter draws out general insights from experiences in the Americas, such as on the impact of fast payments on financial inclusion, the role of central banks and domestic and cross-border interoperability. The next chapter looks in greater depth at Pix in Brazil, and its complementarities with other means of payment. A further chapter dives into the experiences of SINPE Móvil in Costa Rica, including the impact on banks. The final chapter explores the experience of the Unified Payments Interface (UPI) in India. Following a joint workshop on fast payments with the World Bank in May 2024, this volume represents a snapshot of current research on fast payments, with the aim to foster general understanding of this rapidly evolving topic and to support sound policymaking.

Individual chapters are listed in the "Chapters" tab

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  • Bank for International Settlements, 2024. "Faster digital payments: global and regional perspectives," BIS Papers, Bank for International Settlements, number 152.
    • Handle: RePEc:bis:bisbps:152
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    References listed on IDEAS

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    1. Gabriel Chodorow-Reich & Gita Gopinath & Prachi Mishra & Abhinav Narayanan, 2020. "Cash and the Economy: Evidence from India’s Demonetization," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(1), pages 57-103.
    2. William Jack & Tavneet Suri, 2014. "Risk Sharing and Transactions Costs: Evidence from Kenya's Mobile Money Revolution," American Economic Review, American Economic Association, vol. 104(1), pages 183-223, January.
    3. Siddharth Tiwari & Sharad Sharma & Siddharth Shetty & Frank Packer, 2022. "The design of a data governance system," BIS Papers, Bank for International Settlements, number 124.
    4. Derryl D'Silva & Zuzana Filkova & Frank Packer & Siddharth Tiwari, 2019. "The design of digital financial infrastructure: lessons from India," BIS Papers, Bank for International Settlements, number 106, October –.
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