Retail Payments in Selected Countries PDF Download

Author:
Publisher:
ISBN:
Category : Credit cards
Languages : en
Pages : 52

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Author: Tom Kokkola
Publisher:
ISBN: 9789289906333
Category : Banks and banking, Central
Languages : en
Pages : 369

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"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).

Author: Mr.Tanai Khiaonarong
Publisher: International Monetary Fund
ISBN: 1484399609
Category : Business & Economics
Languages : en
Pages : 43

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The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card—not better. Demand for digital currency will thus be weak in countries where cash use is already very low, due to a preference for cash substitutes (cards, electronic money, mobile phone payments). Where cash use is very high, demand should be stronger, due to a lack of cash substitutes. As the demand for CBDC is tied to the current level of cash use, we estimate the level and trend in cash use for 11 countries using four different measures. A tentative forecast of cash use is also made. After showing that declining cash use is largely associated with demographic change, we tie the level of cash use to the likely demand for CBDC in different countries. In this process, we suggest that one measure of cash use is more useful than the others. If cash is important for monetary policy, payment instrument competition, or as an alternative payment instrument in the event of operational problems with privately supplied payment methods, the introduction of CBDC may best be introduced before cash substitutes become so ubiquitous that the viability of CBDC could be in doubt.

Author: Tanai Khiaonarong
Publisher: International Monetary Fund
ISBN: 1498331572
Category : Business & Economics
Languages : en
Pages : 35

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This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.

Author: Committee on Payment and Settlement Systems
Publisher:
ISBN:
Category : Electronic funds transfers
Languages : en
Pages : 82

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Author: Group of Ten. Committee on Payment and Settlement Systems
Publisher:
ISBN:
Category : Emigrant remittances
Languages : en
Pages : 68

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Author: Niklas Arvidsson
Publisher: Springer
ISBN: 3030106896
Category : Business & Economics
Languages : en
Pages : 98

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This open access book tells the story of how Sweden is becoming a virtually cashless society. Its goal is to improve readers’ understanding of what is driving this transition, and of the factors that are fostering and hampering it. In doing so, the book covers the role of central banks, political factors, needs for innovation, and the stakeholders involved in developing a cashless ecosystem. Adopting a historical standpoint, and drawing on a unique dataset, it presents an academic perspective on Sweden’s leading role in this global trend. The global interest in the future of cash payments makes the Swedish case particularly interesting. As a country that is close to becoming a cashless economy, it offers a role model for many other countries to learn from - whether they want to stimulate or reduce the use of cash. This highly topical book will be of interest to politicians, researchers, businesses, financial service providers and payment service providers, as well as fintech start-ups, regulators and other authorities.

Author: Mario Guadamillas
Publisher: World Bank Publications
ISBN:
Category : Banks and banking
Languages : en
Pages : 44

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How to assess securities clearance and settlement systems, based on international standards and best practices.

Author: European Central Bank
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : es
Pages : 64

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Informe en el que se exponen las medidas que deben adoptarse respecto al dinero electronico con el fin de no dificultar la direccion de la politica monetaria, mantener la estabilidad de los mercados financieros y de los sistemas de pagos. Define el dinero electronico, clarifica las diferencias con otros medios de pago y hace una exposicion de la experiencia en este terreno desde la publicacion del Informe del IME 1994. A continuacion, enumera los temas normativos que afectan al desarrollo del dinero electronico, analiza sus implicaciones para la politica monetaria y expone los requisitos minimos para que la politica monetaria sea efectiva. Para terminar, trata entre otros temas la cuestion del estatus del emisor del dinero electronico y el problema de la vigilancia de los sistemas de pagos y la supervision prudencial. (pgp).

Author: Bank for International Settlements
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 40

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