AMRO is an international organization that aims to contribute to the #macroeconomic# and #financial# stability in #ASEAN#+3 (ASEAN + China, Japan & Korea).
AMRO's latest policy paper outlines key challenges in regional payment connectivity and sets out priorities for the next phase—including scaling retail linkages, strengthening wholesale systems connectivity, and deepening coordination on digital assets.
Cross-border payments are essential to financial & economic integration but they remain slow, costly, and fragmented.
AMRO's Prashant Pande explains what is holding current systems back, and what needs to be done to improve efficiency & strengthen regional financial integration.