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31 October 2023

ECB's Panetta:Extending the benefits of digital technologies to cross-border payments

In recent decades, the world has witnessed a remarkable surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. Global payments are expected to skyrocket from USD 190 trillion in 2023 to a staggering USD 290 trillion by 2030.[1]

Despite such spectacular...

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