A brief history of cross-border payments

David O'Mahony
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David O'Mahony: Analyst, Australian Payments Network, Australia

Journal of Payments Strategy & Systems, 2022, vol. 16, issue 3, 304-317

Abstract: This paper discusses key moments in the evolution of cross-border payments, from the early beginnings of money through coins, notes and bills of exchange, all the way up to the modern era, to provide a brief history of the last 4,000 years of cross-border payments.

Keywords: correspondent banking; bill of exchange; card schemes; RTGS; interlinking instant payment systems; digital wallets; CDBC; DLT (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2022:v:16:i:3:p:304-317

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