Recent Evolution of the Retail Payments Market in Hungary

Over the last decade, the Hungarian payments market has gone through a major development, and the use of electronic payment methods is constantly growing. The Central Bank of Hungary (MNB) actively contributed to the favourable processes in line with…

The Case for a Digital Alternative to Cash in South Africa

The Payments Association of South Africa’s Maurits Pretorius and Vinu Thomas detail the rapid growth of digital payments in South Africa and make the case for a cash-lite society

Dr. Reza Baqir, Governor, SBP Launches Pakistan’s National Payment Systems Strategy to Accelerate Digital Transformation

Sharoon Rasheed and Rehman Pervez from the State Bank of Pakistan’s Payment Systems Department provide an update on the exciting new developments transforming Pakistan’s payments landscape

BoF-PSS2: Bank of Finland Payment and Settlement System Simulator

The Bank of Finland has provided a multipurpose payment and securities settlement system simulator for the global central banking and research community since 2004. The Bank's Payment and Settlement System Simulator (BoF-PSS2) is a natural outcome for…

Payments Modernization Gains Momentum in Canada

Payments Modernization is progressing on a global scale, addressing consumer and business needs for greater speed, flexibility and security. Moreover, the entire payments landscape is evolving. The introduction of new technologies and capabilities, the…

Looking Back and Ahead: The Riksbank’s E-krona Project

The Swedish Riksbank’s work on analyzing the potential need and consequences of issuing a Central Bank Issued Digital Currency (CBDC), the e-krona, has attracted significant international attention. Many central banks around the world are also investigating…

Connecting Thailand: The Journey of a Payment Revolution

Over the past few years, many crucial developments have taken place in the Thai payments landscape to keep pace with new technology and customers’ needs. In particular, the enhancements to the country’s payment systems infrastructure have broadened public…

A New Payments Architecture for the UK

Pay.UK runs the UK’s non-card retail payments operations – owning and operating Bacs, Faster Payments and the Cheque and Credit Clearing Company. As the single operator for these systems we act as the guardian of an infrastructure and services that enable…

The World Bank Group's Payment Systems & Financial Inclusion Initiatives

The development and implementation of safe and efficient national payments systems is an integral component of the World Bank Group’s (WBG) work to reduce poverty and boost shared prosperity. The National Payments System (NPS) is the underlying foundation…

Perspective: Weighing the Case for CBDCs

In this exclusive interview, former ECB Director General of Payment Systems and Market Infrastructure Jean-Michel Godeffroy weighs the case for central bank digital currencies.