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…
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…
In recent years, at the Bank of Israel we have resolved to lead game-changing initiatives in the payments space. Our intent is not only to close gaps that have emerged between Israel and the global payments scene, but also to proactively lead in areas…
The Cambridge Centre for Alternative Finance (CCAF) has successfully delivered online capacity building and education to more than 1,000 regulators and central bankers from 220 institutions in over 135 countries via its Cambridge FinTech and Regulatory…
The central bank of the future must adapt to changing technologies to provide a financial system that works for all. Over the last three years, the University of Michigan’s Center on Finance, Law & Policy (CFLP) and the Bill and Melinda Gates Foundation…
During 2016, the SARB became increasingly involved in working groups with international standard-setting bodies focused on fintech innovation, which prompted reflection on the potential implications for South Africa, the region and the continent. The…
When we set out to write The Pay Off, How Changing the Way We Pay Changes Everything, we aimed to write a textbook – in part because much of the money storming the payments industry seemed ill informed about how money actually ‘moves.’ But before long…
To capitalize on the technological developments in the global payments arena and the country’s strong telecommunication infrastructure, the MMA identified the need for a sound and inclusive, digitally enhanced network that will address the obstacles in…
Like any other disruptive innovation, when a newly emerging phenomenon is addressed, the recommended approach is an experimental exploration. Central banks worldwide are now engaging in this process, as experts have yet to determine the specific steps…
Visa Economic Empowerment Institute (VEEI) research found that small businesses which were digitally enabled and connected to global and regional marketplaces fared better during the pandemic than firms that were not; these digitally enabled and connected…
