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 behind the scenes facilitating all the different day-to-day aspects exists a governance structure encompassing different players. How do they work together and how are the governance arrangements shaped? How do they handle decision-making processes?
In this webinar, Colin Colter (Payments Consultant, World Bank) and José Antonio García García Luna (Senior Payments Consultant, World Bank) discuss the major elements and considerations for governance structures adopted by Fast Payment Systems and share examples of their applications in multiple jurisdictions across the world.