RBA report looks at cross-border payments
Multilateral platform would be more scalable than bilateral links, Australian central bank says
Linking Australian fast payments systems to their foreign equivalents is probably best done within a multilateral framework, a report by the country’s central bank found.
The Reserve Bank of Australia (RBA) conducted a joint study with several key players in the cross-border payments sector. The participants were Australian Payment Plus, Australian Payments Network, Swift, Wise, Commonwealth Bank, HSBC, National Australia Bank and Westpac.
In a report on the project, the RBA noted that several
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