CBDC Global Payments Real Time Gross Settlement (RTGS) 
PYMNTS
JULY 30, 2020
s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what is known as the Real-Time Gross Settlement (RTGS) service, which handles daily transactions worth more than $895 million between large financial institutions (FIs).
The Payments Association
APRIL 14, 2025
For payment firms and financial institutions, this is far more than a technical upgrade. Delayed preparation may result in incompatibility with global payment systems, transaction failures, data truncation, and increased regulatory scrutiny. This update significantly recalibrates industry expectations and planning assumptions.
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