Central banks around the world are grappling with the question of whether a payments system owned and operated nationally is preferable to using large-scale international payments systems. OMFIF has produced a report based on in-depth interviews with a variety of central banks to assess the relative strengths of national and international payments systems, based on a number of criteria, including functionality, technical resilience, protection from fraud and cyberattack, ease of cross-border payments and cost-effectiveness.


  • Abdulaziz AlAfaleg, Managing Director, Saudi Payments
  • Tim Masela, Head, National Payment System Department
    South Africa Reserve Bank
  • Dirk Schrade, Deputy Head of the Payments and Settlement Systems, Deutsche Bundesbank

This virtual discussion is part of the OMFIF Digital Monetary Institute. The OMFIF Digital Monetary Institute is a high-level forum which convenes key policy-makers, technology experts, investors and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact folusho.olutosin@omfif.org directly for membership details or register your interest below and we’ll be in touch.

Recorded on  04/10/2022

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