Networked Faster Payments: Blueprints for Global Connectivity

Real-time payments have become a reality, with domestic instant payment systems being implemented by over 60 countries and counting. Connecting these systems could unlock the ability to make instantaneous cross-border payments that are faster, cheaper, easier to access, and more transparent. But how quickly can this happen, and what challenges lie in wait? And perhaps most importantly, what opportunities will such connectivity afford us?

Can we converge towards a universal and scalable blueprint for instant cross-border payments connectivity? Join some of the leading regulators and innovators as we explore the value propositions of bilateral instant payment linkages, as well as the BIS Innovation Hub’s recently-released Nexus blueprint for a multilaterally-connected instant payments network.

Part 1: Panel on Faster Payment linkages

• Fraziali Ismail, Assistant Governor, Bank Negara Malaysia
• Shri P. Vasudevan, Chief General Manager, Reserve Bank of India
• Siritida Panomwon Na Ayudhya, Assistant Governor, Bank of Thailand
• Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore
• Lionel Wong, Cross-border Payments Lead, Monetary Authority of Singapore (Moderator)

Part 2: Fireside Chat on Nexus

• Arif Khan, Chief Digital Officer, National Payments Corporation of India (NPCI)
• Ben Dyson, Advisor & Nexus Project Lead, BIS Innovation Hub (Singapore Centre)
• Jo Yeo, Head of Payments Development and Data Connectivity, Monetary Authority of Singapore (Moderator)