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The role of real-time gross settlement in a world of instant payments

Author

Listed:
  • Lule Yawe, Bruno
  • Kiwala, Yusuf

Abstract

The use of mobile technology for funds transfers has increased dramatically as the market wants payment services that offer speed, convenience, ubiquity, safety and value for money. This paper describes the role of the real-time gross settlement (RTGS) system in a world of instant payments. It describes features that characterise RTGS and instant payments, and argues that there is still a role for RTGS. It concludes by highlighting eight critical issues that central banks should consider in their quest to provide payments and settlement infrastructures which are dynamic and appropriate for the rapidly changing globalised environment.

Suggested Citation

  • Lule Yawe, Bruno & Kiwala, Yusuf, 2019. "The role of real-time gross settlement in a world of instant payments," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 13(3), pages 194-200, September.
    • Handle: RePEc:aza:jpss00:y:2019:v:13:i:3:p:194-200
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    More about this item

    Keywords

    RTGS; instant payments; real-time retail payments;
    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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