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The changing landscape of international payments

Author

Listed:
  • Dangelmaier, Ralph
  • Smart, Debbie

Abstract

Many changes that impact international payments are occurring in the financial industry. This paper reviews the growth in global payments, examines the complexities of cross-border payments and looks at the many regulatory and industry challenges faced by banks and companies. The paper discusses new opportunities for financial institutions, such as remittances, open account trade and globalisation. It also considers the challenges in dealing with disparate payment systems and processing silos, and current trends towards streamlining and improving those processes. Finally, the paper discusses how payments hubs and enterprise risk management systems can streamline financial institutions' operations and reduce risk, resulting in opportunities for increased business and revenue growth.

Suggested Citation

  • Dangelmaier, Ralph & Smart, Debbie, 2009. "The changing landscape of international payments," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 3(1), pages 51-59, January.
    • Handle: RePEc:aza:jpss00:y:2009:v:3:i:1:p:51-59
    as

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    More about this item

    Keywords

    international payments; cross-border payments; enterprise risk management; payment hubs; remittance; trade finance;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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