Payment and securities settlement systems are critical to the effective functioning of financial systems worldwide. They provide the channels through which funds are transferred among banks and other institutions to discharge payment obligations arising in the financial markets and across the entire economy.
more > |  | Remittances | | | | |
| As many countries embark on projects to reform and modernize their payment systems, domestic policymakers are faced with the formidable task of how best to design payment system infrastructures in fast-changing technological and institutional environments.
more > |  | Worldwide Map Country Reports | | | | |
| In practice, the Bank supports payment system reforms in several ways that can be summarized as follows:
1. Supporting comprehensive initiatives
2. Undertaking initial diagnostics and developing reform strategies
3. Providing specific technical advice
4. Coordinating and managing multi-country and regional initiatives.
more > | | CPSS General Guidance for Payment System Development - Report | | | | |
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