CPMI flags up need for better cross-border payment options
Current infrastructure offers slow and costly transactions that are hard to track, says Committee on Payments and Market Infrastructures
Businesses big and small are demanding faster, cheaper and more transparent cross-border retail payments to replicate improved domestic systems, according to research conducted by a committee of the Bank for International Settlements.
In the development of more suitable cross-border alternatives there is no silver bullet, the Committee on Payments and Market Infrastructures says in the report. All payment providers should develop and tailor their offerings to the specific needs of their
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