
CPMI quantitative review of correspondent banking data
Cross-border payments are vital for global trade and for migrants who send remittances home, yet they are generally slower, more expensive and more opaque than domestic payments. Most cross-border payments flow through the so-called "correspondent banking network" - a network that is reportedly shrinking and becoming more concentrated.
- Use cases, geography and tags
- Organizations that created, adopted or are mentioned
- Ecosystem position
- Link to the original asset
- Comments and reactions