Fintech Notes

The Rise of Payment and Contracting Platforms

Author/Editor:

Tobias Adrian ; Tommaso Mancini Griffoli

Publication Date:

June 19, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Fintech Notes No 2023/005

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

Frequency:

occasional