A. M. The city of Managua hosted the 34th Meeting of the Comité Técnico de Sistemas de Pagos (CTSP). This regional meeting, organized by the Consejo Monetario Centroamericano (SECMCA), brought together representatives of the Central Banks of Central America and the Dominican Republic, reaffirming the commitment to financial modernization.
The meeting’s agenda covered crucial points for the regional payments infrastructure, highlighting the integration of confirmation messages to the originator through SWIFT technologies. This measure seeks to optimize the transparency and efficiency of transactions, a fundamental step for user confidence in the financial system.
Another central theme of the discussions was the creation of a Regional Report on Payment Systems, with the support of the Latin American Reserve Fund and the Central Reserve Bank of Peru. Also discussed was the extension of the operating hours of the Sistema de Interconexión de Pagos (SIPA),, improving the accessibility and fluidity of cross-border transactions.
The event also addressed the migration of the SIPA to the ISO 20022 standard, a vital update for interoperability and security. In addition, surveillance mechanisms against cyber fraud were strengthened, safeguarding users’ assets and the integrity of the regional system.
The SIPA, the cornerstone of financial interconnection in the region, facilitates fast, secure and inexpensive electronic transfers of funds in dollars between member countries. Its continued strengthening is key to the economic development and financial integration of Central America and the Dominican Republic.
