Lessons from Instant payment systems across 12 Jurisdictions
Accelerated by the effects of the Covid pandemic, instant payment systems (IPSs) are proliferating around the world. How do we know when they are effective? And what steps can policymakers and regulators take to ensure that an IPS actually achieves its policy objectives, like advancing greater financial inclusion?
BFA Global examined sixteen IPSs from 12 jurisdictions which represented a diversity of ages, stages of maturity, and regulatory approaches in order to consider answers to these driving questions.
