Central Banking

RBA's Lowe on the payments system

In the speech 'The evolution and regulation of the payments system' given on 14 March Philip Lowe of the Reserve Bank of Australia said the global shift towards electronic payments was being driven by advances in technology and the lower cost of electronic payments.

"It is fair to say that few people are in any doubt this shift will continue for many years to come," Mr Lowe said in his speech to a payments system conference in Melbourne.

"However, while the big picture is pretty clear, there is

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