Central bank spending on the operation of inter-bank funds transfer systems may range from below one million to nearly a billion US dollars annually. This paper examines how such costs are incurred and recovered to pursue payment systems efficiency in different countries and under alternative...

The Association of Southeast Asian Nations (ASEAN) is expected to benefit from the significant growth in the Asia-Pacific payments market. Growth in economic activity would increase the size, scale, and scope of payment transactions. Enabling the scale and scope of payments would in turn...

The Association of Southeast Asian Nations (ASEAN) is expected to benefit from the significant growth in the Asia-Pacific payments market. Growth in economic activity would increase the size, scale, and scope of payment transactions. Enabling the scale and scope of payments would in turn...

The Association of Southeast Asian Nations (ASEAN) is expected to benefit from the significant growth in the Asia-Pacific payments market. Growth in economic activity would increase the size, scale, and scope of payment transactions. Enabling the scale and scope of payments would in turn...

Recent technological developments in Thailand fall into three categories. First, early industrialisation promoted efficiency and employment in Thai industries. However, this did not support skills development among the Thai work-force. Second, the government became increasingly involved in the...

This study examined policy approaches to payment systems efficiency in the SEACEN countries. Two major findings were as follows. First, cash remained a dominant payment method in a majority of SEACEN countries. A declining trend, however, was found in three countries ¨C Korea, Singapore and...

The substitution of electronic payments for paper-based non-cash transactions and the share of cash in the value of consumption are investigated for Hong Kong, Japan, Korea, Singapore, Taiwan, and Thailand over 1995-2003. Five and ten-year logistic curve projections for electronic and cash...

Central bank spending on the operation of inter-bank funds transfer systems may range from below one million to nearly a billion US dollars annually. This paper examines how such costs are incurred and recovered to pursue payment systems efficiency in different countries and under alternative...

This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by...