BIS Payments Committee Releases Report Analyzing How Central Banks Support Payment System Security and Efficiency

Techub News reported that the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements (BIS) released a report analyzing how central banks support the security and efficiency of payment systems and trust in currency in the rapidly changing payment ecosystem. The report explores how technological innovation, changes in user demands, and the emergence of new payment service providers and arrangements are transforming payment systems. The report aims to provide guidance for central banks and other relevant parties to address the evolution in the payments field and to ensure the robustness of payment infrastructure. (BIS Press Release)