Download This PaperInnovations in Payments
16 Pages Posted: 27 Mar 2020
Date Written: March 1, 2020
Abstract
Technological innovation is transforming payments. Domestic payments are increasingly convenient, instantaneous and available 24/7. However, shortcomings in access to payments and cross-border payments remain. Lack of access to payments is a problem in some emerging market and developing economies. Improving cross-border payments will require international coordination. Initiatives to improve cross-border payments would benefit from better data to quantify both the extent and the drivers of the problems.
JEL Classification: E42
Suggested Citation: Suggested Citation
Bech, Morten L. and Hancock, Jenny, Innovations in Payments (March 1, 2020). BIS Quarterly Review, March 2020, Available at SSRN: https://ssrn.com/abstract=3561180
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