Central banks report having one to three RTGS contingency sites
Most central banks experienced a high-value payment system outage in the last year
Central banks report a mean number of 1.54 contingency sites for their real-time gross settlement (RTGS) systems, according to data from the Payments Benchmarks 2023.
The maximum number of RTGS contingency sites reported is three. All the central banks that responded say they have at least one contingency site.
Sixty-seven per cent of central banks report a RTGS outage over the last 12 months.
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More on Payments
Payments Benchmarks 2023 – executive summary
Payments are undergoing rapid technological change, creating opportunities – and challenges
Payments Benchmarks 2023 report – moving money in shifting conditions
Data reveals differences in CBDC paths, RTGS systems, instant payment plans and budgets
RTGS systems are used free of charge in one-tenth of jurisdictions
RTGS systems are used free of charge in one-tenth of jurisdictions
Median RTGS system processes nearly $100bn annually
Median value of payments rose by $15bn from the previous benchmark
Primary RTGS systems have average $1.65m in operating costs
Majority of central banks increased payments system divisions budgets in the past year
Payments oversight is under-resourced for a third of central banks
Respondents identify shortage of human capital, capacity building and dated technology as concerns
Few non-banks have access to RTGS systems
Maximum number of institutions reported to have access to one RTGS system was 233
Most central banks have payment and settlement supervision mandates
Payment system laws contain oversight powers in two-thirds of jurisdictions
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