The role of treasury in an organisation continues to grow in importance in all financial aspects relating to a company. Despite this trend, the management of payments both to and from a corporate entity and managing the resulting liquidity positions remains a key role of the treasurer in maximising the efficiency of working capital and Cash management. This article provides an overview of commonly used domestic payment instruments and related mechanisms for cross border payments. It also looks at the types of payment systems employed to process and settle domestic payments and initiatives to support execution of cross border payments.