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…
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…
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…
The National Bank of Kazakhstan is building payment and digital financial infrastructure in the interests of everyone. These projects are aimed to stimulate competition, increase security and convenience, and, importantly, reduce the cost of financial…
A conversation about instant payments with Deniss Filipovs, Strategic Business Development, and Edgars Bremze, Lead Strategic Product Manager, at Tietoevry
This article describes the elements of the FinTech roadmap that the Superintendencies, the National Council for Supervision of the Financial System (CONASSIF), and the Central Bank of Costa Rica (BCCR), have been implementing for the design of a regulatory…
Offline use may be a critical differentiating factor in the value proposition of a CBDC for end users, compared with its commercial bank card and electronic counterparts. Because consumers understandably do not appreciate the difference between commercial…
The results of the 2021 Banco Central del Ecuador study, Preferences in the Use of Electronic Payments in Ecuador, used the estimation of a logistic model that identified the main characteristics that influence the use of means of payment by the Ecuadorian…
The Bank of Ghana is committed to finding new and innovative ways through policy direction and projects, to promote the growth of MSMEs more than ever before. The Bank continues to support the industry as well as the FinTech ecosystem to bring more benefits…
The Afghanistan Payments System (APS) was spearheading the modernization of retail banking in the country—and was poised to ride that momentum well into the future—when the Afghan government collapsed in August 2021. Ahmad Shakir Wali, Managing Director…
