Cross-Border Payments in the Digital Age

Source details

Session No.: CT 24.05
Location: Shenzhen, China
Date: May 13-17, 2024 (1 week)
Delivery Method: In-person Training
Primary Language: English
Target audience:
- Mid- to senior-level officials working in the payment, legal, technology, monetary policy, foreign exchange management, and financial stability departments at the central bank and in positions with similar responsibilities.
Qualifications:
- Participants should have experience in the operations and/or oversight in one or more of the following areas: payments, legal, technology, monetary policy, foreign exchange management, and financial stability.

Design basis:
- The course is designed based on the G20 Roadmap for Enhancing Cross-border Payments and the IMF-World Bank approach to cross-border payments technical assistance presented by the Monetary and Capital Markets Department.
Instructional methods:
- Interactive format using a combination of lectures, case study simulations, and group or individual presentations.
Learning objectives:
- Provide a basic understanding of cross-border payments and the actions underway to address their challenges.
- Enable participants to apply concepts in hypothetical case studies.

Near-term obstacles and solutions examined:
- Pain points of developing cross-border payments.
- Regional and international initiatives to address obstacles in the near term, including:
- Improving access to payment systems.
- Interlinking fast payment systems.
- Expanding and aligning operating hours.
Long-term initiatives analyzed:
- Central Bank Digital Currencies (CBDC).
- Crypto Assets.
Expected participant outcomes:
- Analysis of the evolving landscape of cross-border payments in the digital age.
- Understanding of how cross-border payments could be improved through policy, operational, and technological measures.