Innovations in Payments
Key Trends
- Instant Payments
- DLT/Block Chain Technology
- Cross Border Payments
- Non Bank Credit Providers
- Non Bank Payment Providers
- Mobile Technology
- POS Technology
- Digital Cashless Payments
- Regional RTGS Systems
- China CIPS
Since my last posts on the subject, several new studies have been published. Please see the references below.
At a rapid pace changes are taking place in payments systems and technology.
Innovative use of block chain and Distributed Ledgers Technology are creating new opportunties.
Emergence of Non bank or Payment Banks is another innovation. India has approved several payment banks. Such as PayTM.
In retail payments, fast Immediate real time payments are a reality now.
Innovations in Cross Border payments are another trend. Services like XOOM from Paypal is an example of such an innovation.
Regional Economic Integration is taking place through adaptation of Regional RTGS systems.
Please see my related posts
Cross Border/Offshore Payment, Clearing, and Settlement Systems -Update October 2019
Instant, Immediate, Real Time Retail Payment Systems (IIRT-RPS)
Evolving Networks of Regional RTGS Payment and Settlement Systems
Cross Border/Offshore Payment and Settlement Systems
Large Value (Wholesale) Payment and Settlement Systems around the Globe
Structure and Evolution of EFT Payment Networks in the USA, India, and China
Next Generation of B2C Retail Payment Systems
Key Sources of Research
Click to access keynote_pereira_da_silva_bis.pdf
Click to access er-2019_1-payment-systems–historical-evolution-and-literature-review.pdf
Click to access SIWP-2017-001-The-Future-of-Correspondent-Banking_FINALv2.pdf
Click to access ecb.op229~4c5ec8f02a.en.pdf
Click to access other20190805a2.pdf
Viewpoints which Matter 