The Role of Central Banks in Driving Fast Payment Initiatives

There are three main roles that a central bank plays in the context of payments and obviously that applies also for fast payments. The state bank of Pakistan I think offers a good example where the plan to implement fast payments came out of a national payment strategy that they established. In many cases also the central banks own and operate the payments infrastructure and scheme so another role at a central bank would play and does play on the ground is that of the owner operator of the infrastructure and the scheme.