National Bank of Belgium: A Digital Euro for the Digital Era

The possible introduction of a digital euro, in the form of a central bank retail digital currency or CBDC, would be a major project for the euro area and the Eurosystem. It would significantly change the form in which central bank money is made available…

Implementation of the Digital Euro

The digital euro will enter a highly competitive, multifaceted, and heterogeneous payments landscape in the Eurozone. As with any other payment method, it needs to provide additional value for the variety of stakeholders to achieve the envisioned acceptance…

Driving Retail CBDC Adoption Through Lean Product Development

The Lean Product Development (LPD) literature offers strategies to guide user-centered design and drive adoption. Prominent LPD concepts are discussed here in the context of retail CBDC development.

Central Bank of Paraguay: Instant Payments in Paraguay

On May 23, 2022, the Central Bank of Paraguay (BCP) implemented the first phase of the Paraguayan Instant Payment System (SPI). This first phase consisted of implementing electronic fund transfers 24 hours a day, 7 days a week (24x7). For end customers,…

RTGS.global: Three Years On, Is the G20 Roadmap for Cross-border Payments Set to Usher in a New Spirit of Public-Private Collaboration?

It will likely be private sector innovation that provides the key to unlocking faster, safer, more efficient, and less expensive cross-border payments. The private sector is well placed to advise on and illustrate the practicalities of how to improve…

World Bank: Fast Payments and the Role of Central Banks

Fast payments are an important layer in digital public infrastructures — i.e., foundational systems back boning the provision of essential functions and services in a modern society — with the potential to drive economic growth and sustainable development.

AfricaNenda: Eyeing the Bigger Picture: How Digital Innovation Can Help Leave No One Behind

In Africa, the development of Instant and Inclusive Payment Systems (IIPS) and the use of open-source software like Mojaloop offer hopes of speeding up the onboarding of more than 350 million financially excluded adults on the continent.

BISIH: Enhancing Payments Through Innovations to Central Banks’ Payment Systems

Technology is revolutionising the provision of financial services. Central banks and other public authorities are identifying the opportunities this opens up, and one response has been to set up innovation functions. The Bank for International Settlements…

JoPACC: Jordan Marks a Decade of Digital Financial Services Developments and Innovations

The past decade has been a game-changer for Jordan's financial ecosystem, especially in terms of digital financial services and financial technology. In the first half of the decade, the country saw major developments in digital infrastructure, legislative…

Bank of Albania: In Conversation with Ledia Bregu, Part Two

In part two of our interview with Ledia Bregu, Director of Payment Systems, Accounting and Finance Department for the Bank of Albania (BoA), the conversation turned to AIPS EURO, a new payments infrastructure launched in 2022, Albania’s EU membership…