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payment framework

[/ˈpeɪmənt ˈfreɪmwɜːrk/]
nounpl: payment frameworks
marco de pagamento
1. A structured system or set of rules and procedures that governs how payments are made, processed, and settled within an organization, country, or financial system
The new payment framework allows for faster international transfers.
O novo marco de pagamento permite transferências internacionais mais rápidas.
2. A comprehensive policy or institutional arrangement designed to regulate payment systems and financial transactions
The central bank established a robust payment framework to ensure financial stability.
O banco central estabeleceu um sólido marco de pagamento para garantir a estabilidade financeira.
Synonyms
payment systempayment infrastructurepayment structurepayment mechanism

Regional Variations

General Brazilian
marco de pagamento
Standard usage in Brazilian financial context
São Paulo
marco de pagamento
Common in São Paulo's financial and business sectors
Portugal
quadro de pagamento
Preferred term in European Portuguese

Related Idioms & Phrases

payment system architecture
settlement framework
financial infrastructure
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