Around the world, a number of central banks are engaging with new payments initiatives, whether that be on reducing the cost and improving the speed of cross-border payments, to whether central bank digital currencies may provide efficiency gains within the retail payment space.

Mandating financial institutions connect to new payments infrastructure is one model central banks could adopt if looking to drive usage of certain systems. Speaking on Central Banking On Air’s latest podcast episode, Liz Oakes from Mastercard and Somya Patnaik of ACI Worldwide discuss the challenge of ensuring new payments systems are available to members of the public.