Authors
Jon Frost, P Koo Wilkens, Anneke Kosse, Vatsala Shreeti, Carolina Velásquez
Publication date
2024/3/4
Journal
BIS Quarterly Review
Pages
31
Publisher
Bank for International Settlements
Description
The payments landscape is evolving rapidly, and fast payment systems (FPS) have emerged as a key innovation. Jurisdictions differ in their approach to designing FPS and in user adoption. In this article we lay out the main design features of FPS that may foster adoption. Cross-country regressions suggest that adoption of fast payments is greater when the public sector plays an active role in the FPS. Other design factors important for adoption are non-bank participation, more use cases and more cross-border connections.
Total citations
Scholar articles
J Frost, PK Wilkens, A Kosse, V Shreeti, C Velásquez - BIS Quarterly Review, 2024