The Rise of Payment and Contracting Platforms

By Tobias Adrian, Tommaso Mancini Griffoli

June 19, 2023

Preview Citation

Format: Chicago

Tobias Adrian, and Tommaso Mancini Griffoli. The Rise of Payment and Contracting Platforms, (USA: International Monetary Fund, 2023) accessed October 6, 2024

Summary

This Note explores the design and governance of platforms to enhance cross-border payments in line with public policy goals. While much innovation in recent years has more narrowly targeted end-user frictions, the vision in this paper is based on the mandate of the IMF, governed by the central banks and finance ministries of 190 member countries. Cross-border payments present the foundation for the global financial system, and its functioning is overseen by the IMF.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central Bank digital currencies, Central Banks, Crime, Economic sectors, Financial crises, Foreign exchange, Information and data management, International reserves, Technology

Keywords: Anatomy of payment, Anti-money laundering and combating the financing of terrorism (AML/CFT), Central bank digital currencies, Cross-border payment, Cross-border payments, Digital money, Foreign exchange, Global, Information and data management, International reserves, Note 2023/005, Platform operator, Platforms, Programmability encryption, Settlement, XC platform

Publication Details

Pages:

24
Volume:

---
DOI:

---
Issue:

---
Series:

Fintech Notes No 2023/005
Stock No:

FTNEA2023005
ISBN:

9798400245749
ISSN:

2664-5912

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Fintech Notes