December 3 - 4, 2013
Southern Sun the Cullinan Hotel,
Cape Town, South Africa
The CPSS and the World Bank, with support from the South African Reserve Bank, hosted the 4th CPSS-World Bank Retail Payments Forum. The objective of the Forum is to deliberate, on an ongoing basis, the current developments in retail payments and providing a platform for open and detailed discussions amongst central banks, public authorities and private sector representatives.
For this fourth meeting, the Forum focused on the following topics:
• Challenges and risks related to virtual currency schemes.
• The development of new international payment platforms / standards
• Explored the recent innovations in retail payments and the role of non-banks.
• Regulatory changes affecting interchange fees in card networks
In attendance were over 90 participants, from 35 countries, representing 34 central banks (both CPSS and non-CPSS members), 17 private sector institutions, the CPSS Secretariat and the World Bank Group.
Conclusions and Summary of Discussions
Virtual Currency Schemes (facilitated by Klaus Löber)
Developments in Payments Platforms to facilitate remittances and innovations in retail payments (facilitated by Massimo Cirasino)