Innovations in payments

Morten Bech () and Jenny Hancock

BIS Quarterly Review, 2020

Abstract: Technological innovation is transforming payments. Domestic payments are increasingly convenient, instantaneous and available 24/7. However, shortcomings in access to payments and cross-border payments remain. Lack of access to payments is a problem in some emerging market and developing economies. Improving cross-border payments will require international coordination. Initiatives to improve cross-border payments would benefit from better data to quantify both the extent and the drivers of the problems.

JEL-codes: E42 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (11)

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