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. But who leads in getting a Fast Payment System (FPS) project started and how do the different relevant ecosystem actors come together in the process?
In this webinar, Colin Colter (Payments Consultant, World Bank) and José Antonio García García Luna (Senior Payments Consultant, World Bank) discuss the role of the Central Bank in championing an FPS project, their interaction with the private sector, and share examples from multiple jurisdictions across the world.