General Guidance for Payment System Development
Categories : Regulation and Payment System Governance, Regulation of Digital Financial Services
Author: Bank of International Settlements
The report considers the concepts and development factors that formulate the framework and context for the general guidance. Section 3 presents the general guidelines on payment system development in separate sections for banking, planning, institution-building and infrastructures. Each guideline includes a descriptive statement, an explanation of its primary role in CPSS – General Guidance consultative report – May 2005 7 the development of a national payment system and a discussion of some approaches for implementing the guideline. The report ends with several annexes that contain details on some of the more critical parts of the report.