Online Course
Cross-border payments are a cornerstone of global and regional economic activity, enabling trade, investment, remittances, and financial integration. Yet, despite their importance, these payments often remain slow, costly, and opaque, creating inefficiencies and barriers for businesses, individuals, and financial institutions. To address these challenges, the G20 has mandated the Financial Stability Board (FSB) and other international standard-setting bodies to improve the speed, cost, transparency, and accessibility of cross-border payments, while fostering financial inclusion and innovation through technology.
In addition, regional initiatives are emerging to strengthen cross-border payment connectivity, enhance interoperability, and promote the use of Local Currency Settlement (LCS) arrangements. LCS frameworks help reduce dependency on major reserve currencies, improve liquidity management, and support financial stability across jurisdictions. Central banks play a critical role in designing, overseeing, and facilitating these systems, balancing innovation with regulatory compliance, risk management, and efficiency. This course provides a comprehensive overview of the evolving cross-border payments landscape, global and regional initiatives, and the central bank’s role in creating a safe, efficient, and resilient cross-border payment ecosystem.
This course aims to deepen participants’ understanding of cross-border payments, regional connectivity efforts, and local currency settlement frameworks. By the end of the course, participants will be able to:
The participants are expected to be working in the payments division and should have more than 3 years of experience in the related areas. With the consent of the central banks in their jurisdictions, participants from stand-alone authorities are also welcome.
The faculty will be drawn from SEACEN-member Central Banks, external experts and SEACEN faculty.
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