The role of real-time gross settlement in a world of instant payments

Bruno Lule Yawe and Yusuf Kiwala

Journal of Payments Strategy & Systems, 2019, vol. 13, issue 3, 194-200

Abstract: The use of mobile technology for funds transfers has increased dramatically as the market wants payment services that offer speed, convenience, ubiquity, safety and value for money. This paper describes the role of the real-time gross settlement (RTGS) system in a world of instant payments. It describes features that characterise RTGS and instant payments, and argues that there is still a role for RTGS. It concludes by highlighting eight critical issues that central banks should consider in their quest to provide payments and settlement infrastructures which are dynamic and appropriate for the rapidly changing globalised environment.

Keywords: RTGS; instant payments; real-time retail payments (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2019:v:13:i:3:p:194-200

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