Dirk Niepelt

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Dirk Niepelt

RTGS Open To Non-Bank Payment Service Providers

The Bank of England has announced plans to open its central-bank-money settlement system (RTGS) to non-bank payment service providers. This, it hopes, will promote competition, innovation, and financial stability by creating more diverse payment arrangements.

This entry was posted in Notes and tagged Bank of England, Payment system, Real-Time Gross Settlement System, Reserves on July 21, 2017 by Dirk Niepelt.

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