Danmarks Nationalbank: Future-Proofing the Danish Payments Infrastructure

The settlement of the Danish krone (DKK) is scheduled to migrate to the European payment and securities settlement platform TARGET Services in 2025. The Danish krone will be the first non-euro currency to be connected to all TARGET Services for payments…

CBDC Needs a Plan B in Global Crises and Uncertainties

The focus of this article is to consider the relevance of a concern often raised in the context of the development of CBDC, namely the potential bank run scenario. This scenario is one of the justifications for the central bank preference to set limits…

Central Bank of Iceland's Journey in Instant Payments and Cannibalization of RTGS Payments

Iceland's journey in the realm of instant payments is historic, dating back to 2002 with the initiation of the Central Bank of Iceland's large value payment system, SG, followed by the introduction of the instant payment system, JK, in 2003. These systems,…

Al Etihad Payments: Aani Instant Payments Platform - Redefining UAE's Financial Landscape

The Central Bank of the United Arab Emirates is actively pursuing digital innovation through the Financial Infrastructure Transformation (FIT) Programme. Among other key objectives, the FIT Programme focusses on driving financial inclusion, promoting…

GLEIF - Fighting Crime with Transparency in Cross-border Payments: The Need for Universal Entity Identification

The Legal Entity Identifier — as a unique global identifier — can solve the critical problem of insufficient transparency in counterparty identification in cross-border payments ecosystems. Why? Adding the LEI as a data attribute in payment messages allows…

ProgressSoft: Regulatory Strategies for a Resilient Instant Payment Landscape

The pace of evolution in instant payments, also known as real-time or fast payments, has been phenomenal, especially in emerging economies, and has acted as a catalyst to kickstart economic activities. Regulators and governments worldwide are striving…

Portugal: A Renewed National Strategy to Add Efficiency and Modernisation to Retail Payment Services

Following the successful implementation of the first national retail payments strategy in 2022, new challenges illustrate the dynamic nature of the payments ecosystem paving the way for the adoption of a second edition, with renewed focus and a result…

Decoding ISO 20022: Lessons for Cross-Border Payments

As ISO 20022 adoption gains momentum, we believe that policymakers and the broader financial services community can leverage insights from the last 15 years of ISO 20022 implementations, while also drawing from card networks’ more than 40 years of experience…

VOX DEI: The Criticality of Consumers’ Voices in the Development of CBDC

The emerging consensus that consumer acceptance is a critical success factor in a CBDC deployment compels countries at all stages of CBDC development to align their designs closely with consumer needs and expectations. These insights can only be established…

In Conversation with Binur Zhalenov of the National Payments Corporation of Kazakhstan

Central Bank Payments News spoke to Binur Zhalenov, Chief Executive Officer of the National Payments Corporation of Kazakhstan, about the evolution and future of the Digital Tenge, its place within a broader digital revolution, and lessons Kazakhstan’s…