Some of them, such as the Eurosystem's TIPS faster payment platform, are capable of handling multiple currencies as well, which enables the integration of countries outside of the Eurosystem. Interlinking faster payment systems will not solve everything, however, and it comes with a number of caveats. First, not every country already has a faster payment system.
This means that any global strategy aiming to enhance cross-border payments by interlinking these systems will also need to include a way to help establish faster payments in countries that do not have them yet. Second, multiple bilateral links between various countries may be ineffective and difficult to coordinate.