The Working Committee on Payment and Settlement System (WC-PSS) was established to 2010 to prepare the payment and settlement systems of ASEAN member states in embracing the ASEAN Economic Blueprint 2025 by conducting studies and providing policy recommendations for the development of the payment and settlement systems, as well as the harmonization of the ASEAN payment and settlement systems.

The WC-PSS comprises of representatives from all the ASEAN Central Banks and Monetary Authorities and meets, at minimum, twice a year to prepare the required deliverables. It is currently co-chaired by the Bank Negara Malaysia and the Brunei Darussalam Central Bank.