Operational Resilience in Digital Payments: Experiences and Issues

Author/Editor:

Tanai Khiaonarong ; Harry Leinonen ; Ryan Rizaldy

Publication Date:

December 10, 2021

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

Major operational incidents in payment systems suggest the need to improve their resiliency. Meanwhile, as payment infrastructures become more digitalized, integrated, and interdependent, they require an even higher degree of resilience. Moreover, risks that could trigger major disruptions have become more acute given the rise in power outages, cyber incidents, and natural disasters. International experiences suggest the need to strengthen reliability objectives, redundancies, assessment of critical service providers, endpoint security, and alternative arrangements

Series:

Working Paper No. 2021/288

Subject:

Frequency:

regular

English

Publication Date:

December 10, 2021

ISBN/ISSN:

9781616355913/1018-5941

Stock No:

WPIEA2021288

Pages:

39

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