AMF: A Practical Guide on CBDC for Arab Central Banks

The main drivers that motivate Arab central banks and monetary authorities to engage in a CBDC project reflect initially the importance of promoting a cashless economy and fostering financial inclusion. The first four drivers are: (i) to move to a cashless…

Central Bank of Eswatini National Payment Systems Vision and Strategy 2025

The Central Bank of Eswatini (CBE) has been proactive in creating an enabling environment for innovation in digital financial services in response to consumer demands and changing market needs. This is evident with the release of the Practice Note for…

Special Feature: Industry Perspectives on Charting the Course for Transformative Payments

How the industry is charting the course for transformative payments in 2022 and beyond with Discover® Global Network, EMTECH, FIS, ProgressSoft, RTGS.global, StoneX, Tietoevry, and Visa.

Central Bank of Montenegro: How to Boost Banking and Payment Innovation in a Small Developing Economy

Fostering innovation brings with it different challenges depending on the level of development, market size or even the geographic position of a country. When compared to the frontrunners, small markets face barriers that are much more challenging than…

Discover: The Role of Central Banks in Supporting Domestic Payments Schemes and the Benefits for Their Country

The concept of partnering with an alternative international payments scheme that allows for domestic scheme independence while sharing common technology is a model that provides scale, global acceptance, and standardizes the rules for international transactions.

National Bank of Ethiopia: Innovative and Inclusive Payments

In July 2021, the National Bank of Ethiopia launched its first ever National Digital Payments Strategy, an ambitious initiative that aims to build an innovative payments ecosystem in support of a cash-lite and inclusive economy. Central Bank Payments…

BankservAfrica: Africa’s New Cross-border Payments Scheme is Open for Business

Creating a cross-border payments ecosystem that delivers collaborative value between authorised financial institutions across the Southern African Development Community is possible through a new, world-first African payments scheme that is fully operational.…

Digital Frontiers: Capacity Building for the Central Bank Digital Currency Journey in Emerging Market and Developing Economies

This year, the Digital Frontiers Institute convened the first CBDC Workshop focusing on emerging market and developing economies. The workshop aimed to: Firm up the understanding of the definition of CBDCs; Increase understanding that the CBDC “pathway”…

Visa: Getting Digital Currencies to Talk to Each Other

In September, Visa published a pair of CBDC reports about Universal Payment Channels (UPCs). The specifics of UPCs are laid out in the research paper Universal Payment Channels: An Interoperability Platform for Digital Currencies. The second paper, Cross-border…

Journey to a Bahamian Digital Dollar

Project Sand Dollar is a Central Bank of The Bahamas initiative to promote more inclusive access to regulated payments and other financial services for unbanked and underbanked communities and socio-economic groups. Additionally, by introducing this retail…