FedNow or FedLater?By Yesha Yadav
August 10, 2023
The Fed’s new payments system has teething problems. Can it learn from India?
A good afternoon tea-break in India typically needs four things: a favourite tea-stand, piping-hot tea, a sweet treat on the side and a cashless, real-time payment made using the United Payments Interface.
Launched in 2016 ...
A central bank-backed platform for payments and settlement could dramatically cut costs and risks that plague the financial system, says the Bank for International Settlements (BIS). The banker to central...Read more