Central Bank Digital Currencies and Cross-Border Payments in Southern Africa

Vivienne A. Lawack () and Sia A. Mziray
Additional contact information
Vivienne A. Lawack: University of the Western Cape
Sia A. Mziray: University of the Western Cape

Chapter Chapter 12 in The Palgrave Handbook of International Trade and Development in Africa, 2024, pp 219-238 from Springer

Abstract: Abstract The chapter examines the challenges to the main models of cross-border payments and considers how central bank digital currencies (CBDCs) can improve cross-border payments in Africa to facilitate intra-African trade. Towards this objective, the chapter presents an overview of South Africa’s National Payment System (NPS), the Southern African Development Community Real-Time Gross Settlement System (SADC-RTGS) and the Pan-African Payment and Settlement System (PAPSS). It further reviews three models—compatibility model, interlinking model and unified system model for multi-CBDC—used for adopting CBDCs for cross-border payments. The chapter concludes that the unified system model is the better alternative for the SADC region and recommends measures to ensure the seamless integration of CBDCs into the SADC-RTGS system.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-031-65715-3_12

Ordering information: This item can be ordered from
http://www.springer.com/9783031657153

DOI: 10.1007/978-3-031-65715-3_12

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().