Also known as instant or real-time payments, fast payments are characterized by the instant transmission of the payment message and by the immediate availability of funds to the beneficiary on a 24/7/365 basis. Interoperability brings the potential to generate considerable advantages in facilitating the affordable movement of value across the economy. But how do we build interoperability in a fast payment system and what does that look like in practice? How can we benefit from interoperable transactions without creating unnecessary technical or regulatory burdens?
In this webinar, Colin Colter (Payments Consultant with the World Bank) and Claudio Ceresani (Senior Payments Consultant with the World Bank) discuss major challenges and opportunities in driving interoperability in fast payment systems.