ECB: Financial Industry Adoption of Distributed Ledger Technologies — Implications for Central Bank Money Settlement

The Eurosystem — consisting of the European Central Bank (ECB) and national central banks in the euro area — is analysing the potential impact of emerging technologies, including DLT, on the settlement of wholesale financial transactions. This work was…

Visa: How Mid-market Companies are Taking Advantage of Global B2B Payments Innovations to Meet Trade Finance and Working Capital Objectives

Fast-growing mid-market businesses are increasingly embracing the dual objectives of payment digitalization and sustainability in pursuit of international growth goals. Unfortunately, mid-market businesses that are diversifying their exports haven’t always…

Transforming Payments for the Real World: Industry Insights in 2024

The third annual Central Bank Payments News supplement features insightful perspectives from six leading players in the global payments ecosystem who are working closely with central banks to spark genuine transformation in payments.

ProgressSoft: Guiding Your ISO 20022 Adoption Journey

The global payment landscape is undergoing a profound transformation with the adoption of ISO 20022 standards and Cross-Border Payments and Reporting Plus (CBPR+) usage guidelines. This revolutionary shift not only brings forth promising innovations but…

AfricaNenda: Key Trends Shaping the Instant Payment Systems Landscape in Africa

The instant payment systems (IPS) landscape in Africa is vibrant, propelled by the growing need for faster, interoperable, more secure, more affordable, and more convenient retail payment options. As of 2023, there were 32 live public or public-private…

Decoding ISO 20022: Lessons for Cross-Border Payments

As ISO 20022 adoption gains momentum, we believe that policymakers and the broader financial services community can leverage insights from the last 15 years of ISO 20022 implementations, while also drawing from card networks’ more than 40 years of experience…

VOX DEI: The Criticality of Consumers’ Voices in the Development of CBDC

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…

Crunchfish: Enabling Offline Payments in an Online World — Practical Guides to Offline Payment

Despite all the recent attention on the topic of offline payments, there remains an unclear understanding in the market around the practical design choices and trade-offs for offline real-time payments and CBDCs. Crunchfish, a pioneer for offline payments,…

PASA: A South African Approach to Interoperability

South Africa is currently transitioning its regulatory landscape to support increased access to the National Payment System (NPS) and to adopt activity-based licensing and regulation for payment service providers. The Payments Association of South Africa…

Visa — Use Cases, Corridors, and Context: Digging Deeper to Improve Cross-border Payments

A closer look at how cross-border payment solutions are meeting end user needs can be invaluable in guiding the public and private sectors’ efforts to make meaningful improvements.