The Committee on Payment and Settlement Systems (CPSS) published the report on General guidance for national payment system development, which gives assistance and advice on the planning and implementation of reforms in national payment systems.
This report includes 14 guidelines and accompanying explanatory text on payment system development. It also includes sections on implementation, which illustrate the guidelines with practical examples, issues and possible approaches to implementation.
However, these guidelines are not a detailed “blueprint” or a checklist for national payment system development. They refer to the development of a payment system within a country or common currency area. The development of those specific aspects of a national payment system required to facilitate efficient and safe cross-currency and cross-border payments is not considered.
Unlike much of the earlier work, which often refers to specific instruments, procedures and interbank transfer mechanisms, this report takes a broad perspective on the composition of a national payment system.
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