Remove Cross-Border Payments Remove Interbank Settlement Remove SWIFT
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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Wholesale CBDCs focus on interbank settlements, enhancing security and efficiency in large transactions between financial institutions. While still niche, these options could play a larger role in cross-border payments, with stablecoins providing a more stable digital currency alternative.

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Peru Taps Vocalink In Payments System Overhaul

PYMNTS

Separately, a number of retailers, among them giants Target and Walmart, have requested that the Federal Reserve create a real-time interbank settlement system. The Fed, of course, has been eyeing the creation of a faster payments system, and yet there may be some challenges afoot, noted The Wall Street Journal.

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