Mojaloop: Achieving Financial Equity Across Asia and Africa Requires a Digital Approach to Financial Inclusion

Named after the Swahili word for “one,” the Mojaloop open-source software project was established in 2017 by the Bill & Melinda Gates Foundation to address the lack of guaranteed inclusiveness and interoperability within nations’ payment systems to allow…

Digital Pound Foundation: Advocating for a Well-Designed Digital Pound

The Digital Pound Foundation (DPF) is a non-profit organisation that advocates for a well-designed digital pound, enabling both public and private sectors to fully engage in the design, development, and adoption of a digital Pound, thus contributing to…

G20 Roadmap for Enhanced Cross-Border Payments: What We Have Achieved Collectively and What is Next

Since the G20 roadmap was launched in autumn 2020, considerable progress has been achieved across 19 different building blocks (BBs). The authorities internationally have developed a strong understanding of the issues, taken stock of emerging solutions…

SEACEN: Eye on The South East Asian Central Banks Research and Training Centre

Currently, SEACEN reaches out to 35 central banks (19 member central banks, 8 associate members, and 8 observers), and the Centre collaborates with 28 strategic partners in the areas of macroeconomic and monetary policy management, financial stability,…

The AFI’s South Asia Region Financial Inclusion Initiative: A Regional Commitment to Inclusive Financial Services

AFI’s eight South Asian member institutions came together at the Global Policy Forum (GPF) in September 2022 to launch the South Asia Region Financial Inclusion Initiative (SARFII). With AFI coordinating and facilitating the initiative, members are collaborating…

Why CBDC is also a Commercial Bank Digital Currency

While the first two words of CBDC relate to central banks, they are not the sole stakeholders of the technology. But where do commercial banks and other financial institutions fit into this disruptive transformation, what will their role look like, and…

Cryptobanknotes: Blockchain-Based Cash for Cryptocurrencies, Stablecoins and CBDCs

Cryptobanknotes are the first generation of hybrid banknotes produced using banknote printing technologies and blockchain technology. They will have their own e-wallet and interact with it using software, thanks to machine-readable codes printed on the…

BIS Innovation Hub: Enhancing Cross-Border Payments and the Promise of Multi-CBDC Platforms

Focusing on the wholesale cross-border space, the BIS Innovation Hub has run three mCBDC cross-border experiments covering different jurisdictions with different technology architecture choices – Projects Jura, Dunbar and mBridge.

Visa: How CBDC Can Help Drive Digitization and Responsible Innovation

In this article, we will focus on the various aspects of CBDC that can help drive digitization and promote responsible innovation. We believe digitization will help drive new value created in the global economy in the coming decade. However, the rate…

Payments in Kenya: Past, Present, and Future

In this series of articles, the Central Bank of Kenya explores recent developments in payments in Kenya, in line with the Bank’s vision of being A World Class Modern Central Bank. The country's payments ecosystem has undergone major developments and shifts…