National payment systems in the open era

 

 

 

 

Whether it is access, APIs, banking or standards, ‘open’ is the new normal for financial services. Similarly, real-time or instant has now become the de facto standard for payments. Hence discussions around national payments infrastructures have changed. They have moved from questioning whether to adopt a central infrastructure or national payment system, to how to make this fit-for-purpose in the new open and instant era.

National payment systems in the open era