Many central banks plan RTGS upgrades in coming year
Over 80% expect to renovate systems within five years
More than half of the central banks participating in the Payments Benchmarks 2022 have plans to upgrade their real-time gross settlement (RTGS) systems within the next year.
Of the 33 central banks that supplied answers, 20 (or 60.6%) said they would upgrade in 0–1 years. A further six planned upgrades in the next 2–3 years, and two in 4–5 years. Two more had plans for RTGS refits, but not for more than five years. Only three of the 33 (9.1%) had no plans for upgrades.
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