To obtain an overview of payments innovation globally, the Committee on Payment and Settlement Systems (CPSS), established the Working Group on Innovations in Retail Payments (the Working Group), which recently published the report 'Innovations in Retail Payments'. This central bank research identifies market trends and elements geared to assessing what an innovation-friendly environment should look like. The Working Group focused on fact-finding in order to define the most relevant developments and to identify the major factors driving and hampering innovation. Dirk Schrade, who chaired the Working Group, highlights the main findings in this blog (see 'related links' below).
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