The Rise of Payment and Contracting Platforms

This Note explores the design and governance of platforms to enhance cross-border payments in line with public policy goals. While much innovation in recent years has more narrowly targeted end-user frictions, the vision in this paper is based on the mandate of the IMF, governed by the central banks...

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Bibliographic Details
Main Author: Adrian, Tobias
Other Authors: Mancini-Griffoli, Tommaso
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:Fintech Notes
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Note explores the design and governance of platforms to enhance cross-border payments in line with public policy goals. While much innovation in recent years has more narrowly targeted end-user frictions, the vision in this paper is based on the mandate of the IMF, governed by the central banks and finance ministries of 190 member countries. Cross-border payments present the foundation for the global financial system, and its functioning is overseen by the IMF.
Physical Description:24 pages
ISBN:9798400245749