Payments Without Borders
13 Pages Posted: 27 Mar 2020
Date Written: March 1, 2020
Cross-border and multicurrency payment systems have the potential to make cross-border payments faster, cheaper and more transparent. A simple taxonomy reviews the different designs and functionality of existing systems. Such systems remain rare, and most handle small volumes and values. However, a number of new projects will go live in the next few years.
JEL Classification: E42
Suggested Citation: Suggested Citation