thought leadership · · 9 min read
Central bank payment rails — UPI lessons for sovereigns
What India's UPI, Brazil's PIX, and the US's FedNow teach the next wave of central banks building national payment systems.
The pattern is now clear: national payment networks beat card schemes on cost and speed. The interesting question is what the next central bank to launch one should learn from those who went first.
Authors
Dr. Amani Al-RashidChief Executive Officer