Operational Resilience in Digital Payments: Experiences and Issues

Tanai Khiaonarong, Harry Leinonen and Ryan Rizaldy

No 2021/288, IMF Working Papers from International Monetary Fund

Abstract: Major operational incidents in payment systems suggest the need to improve their resiliency. Meanwhile, as payment infrastructures become more digitalized, integrated, and interdependent, they require an even higher degree of resilience. Moreover, risks that could trigger major disruptions have become more acute given the rise in power outages, cyber incidents, and natural disasters. International experiences suggest the need to strengthen reliability objectives, redundancies, assessment of critical service providers, endpoint security, and alternative arrangements

Keywords: Operational resilience; payment systems; risks; disasters; business continuity; disruption scenario; payment infrastructure; business continuity arrangement; tandem payment processing design; payments experience; Payment systems; Operational risk; Cyber risk; Natural disasters; Infrastructure; Global (search for similar items in EconPapers)
Pages: 39
Date: 2021-12-10
New Economics Papers: this item is included in nep-pay and nep-reg
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=510393 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2021/288

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().