New correspondent banking data - the decline continues at a slower pace*

New correspondent banking data - the decline continues at a slower pace*

Report

New correspondent banking data - the decline continues at a slower pace*

The number of active correspondent banks worldwide fell by about 3% in 2019 and about 22% between 2011 and 2019.The volume and value of cross-border payments continued to grow over the last eight years, suggesting a higher concentration in payment flows.Cross-border payments are vital for economic growth, international trade, global development and financial inclusion.

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