Strategic Review of Innovation in the Payments System

Media Release Number 2012-14: The Reserve Bank has released the conclusions of its Strategic Review of Innovation in the Payments System. The Review was announced in May 2010, with the aim of identifying areas in which innovation in the Australian payments system may be improved through more effective cooperation between stakeholders and regulators. It has taken a medium-term perspective, looking at trends and developments overseas in payment systems and at possible gaps in the Australian payments system that might need to be filled over a time horizon of five to ten years.