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…
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 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…
The online course on “Planning and building inclusive digital transformation strategies in the context of COVID-19 to meet the SDGs and Agenda 2063” was recently offered on the e-learning platform of the African Institute for Economic Development and…
Over the last decade, the Central Bank of Uzbekistan (CBU) has significantly modernized its payment systems and services to meet the preferences of businesses and consumers in the digital era. As in many jurisdictions across the globe, Uzbekistan’s digital…
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…
The Indian payments industry has witnessed remarkable growth, innovation and regulatory support over the last few years. Consequent to the demonetisation of high-value currency notes of ₹500 and ₹1000 in November 2016, the evolution of the digital payments…
The Central Bank of Solomon Islands (CBSI) recently launched the National Financial Inclusion Strategy 3, 2021-2025 (NFIS3), which provides the third 5-year roadmap for financial inclusion in the Solomon Islands.
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…
Central bankers worldwide fear that a CBDC introduction could lead to destabilizing effects in the financial sector. In this article, we discuss why this so-called disintermediation is indeed a threat and provide a simulation to quantify these effects…
