IDEAS home Printed from https://ideas.repec.org/p/bis/bisblt/49.html
   My bibliography  Save this paper

Interoperability between payment systems across borders

Author

Listed:
  • Codruta Boar
  • Stijn Claessens
  • Anneke Kosse
  • Ross Leckow
  • Tara Rice

Abstract

Interoperability among payment systems – as the foundation for enhancing cross-border payments – requires technical, semantic and business system compatibility so that end users can seamlessly transact with each other across systems. Public and private sector options in pursuing cross-border payment system interoperability can be illustrated using four stylised models, ordered in increasing complexity and cost but also greater efficiency – a single access point, bilateral link, hub and spoke or a common platform. The BIS Innovation Hub is putting theory into practice with several innovative projects to foster interoperability across the four stylised models. An ambitious, multi-year G20 programme to enhance cross-border payments is under way.

Suggested Citation

  • Codruta Boar & Stijn Claessens & Anneke Kosse & Ross Leckow & Tara Rice, 2021. "Interoperability between payment systems across borders," BIS Bulletins 49, Bank for International Settlements.
    • Handle: RePEc:bis:bisblt:49
    as

    Download full text from publisher

    File URL: https://www.bis.org/publ/bisbull49.pdf
    File Function: Full PDF document
    Download Restriction: no
    File URL: https://www.bis.org/publ/bisbull49.htm
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bis:bisblt:49. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Beslmeisl (email available below). General contact details of provider: https://edirc.repec.org/data/bisssch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.