Tag: payment systems

Real-Time Payment Systems Global Emergence

Real-Time Payment Systems Global Emergence

March 19, 2014 | By | Add a Comment

The World Bank conducted a survey in 2010 to better understand the ‘Outcomes of the Global Payments Systems’, where 6 key factors were identified as having triggered the reform of payment systems worldwide. The most important factors were the need to improve efficiency, responding to technological innovation and a need to reduce systemic risk.