Buna: Cross-border Payments Need Higher Ambition!

In my previous article in this publication a few months after the launch of Buna in 2020, I shared some thoughts on the challenges that cross-border payment systems must tackle to develop and progress. In the past two years, we have been onboarding new…

A Digital Dollar? Here’s How We Start

The Digital Dollar Project is a convener of ideas, people, and organizations to facilitate open experimentation and data collection for consideration. We have set out to explore the thesis that a tokenized U.S. dollar could provide societal and economic…

FIS: Advancing CBDC Network Interoperability and Integration

APIs can significantly accelerate the pace of product and infrastructure development, as well as the integration of various payment systems. The FIS CBDC & Digital Currencies Connected Ecosystem™ can also accelerate delivery of the prototypes, allowing…

Afghanistan Digital Payments and the Rise of AfPay

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…

BankservAfrica: Africa’s New Cross-border Payments Scheme is Open for Business

Creating a cross-border payments ecosystem that delivers collaborative value between authorised financial institutions across the Southern African Development Community is possible through a new, world-first African payments scheme that is fully operational.…

Visa: Getting Digital Currencies to Talk to Each Other

In September, Visa published a pair of CBDC reports about Universal Payment Channels (UPCs). The specifics of UPCs are laid out in the research paper Universal Payment Channels: An Interoperability Platform for Digital Currencies. The second paper, Cross-border…

The Future of Cross-Border Payments: Canada’s Journey

The momentum of the FSB roadmap comes at an excellent time as Payments Canada is midway through a multi-year payments Modernization initiative. Guiding our country’s payments Modernization journey are the needs of Canadians, including financial institutions,…

Introducing the Visa Economic Empowerment Institute

As a global network with more than six decades of experience building inclusive digital ecosystems, Visa understands that creating the conditions for sustainable growth at scale is a shared responsibility of the public and private sectors. That is why…