Regulators need to be open to innovation to balance the market, which is why the National Bank of Georgia (NBG) created the Financial Innovation Office (FIO). The FIO serves as a critical, yet often understated, protagonist at the heart of this technological…
Through close collaboration with academic researchers, national and international policy-making bodies, and industry practitioners, the Cambridge Centre for Alternative Finance provides the expertise necessary to fulfil its mission. Its ongoing evolution…
The emerging consensus that consumer acceptance is a critical success factor in a CBDC deployment compels countries at all stages of CBDC development to align their designs closely with consumer needs and expectations. These insights can only be established…
Central Bank Payments News spoke to Binur Zhalenov, Chief Executive Officer of the National Payments Corporation of Kazakhstan, about the evolution and future of the Digital Tenge, its place within a broader digital revolution, and lessons Kazakhstan’s…
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…
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…
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.
On 7 February, the Bank of England and HM Treasury announced the intention to consult on the introduction of a digital pound. My name is Graeme Donald, I'm retired now and spend my time with my family, on the golf course and travelling. Prior to that…
The Open Finance Association (OFA) believes that a well-functioning, high performing open banking ecosystem, built on instant payments, in accordance with the Instant Payments proposal currently going through the EU regulatory process, can help deliver…
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…
