Central Bank of the Republic of Kosovo: In Conversation with Dardan Fusha, Director of the Department for Payment Systems

The Central Bank Payments News team recently caught up with Dardan Fusha, Director of the Department for Payment Systems at CBK, who filled us in on the implementation of CBK’s National Retail Payments Strategy, plans to enhance legislation and regulation…

The Big Differences Between CBDC and Mobile Money

When considering CBDC versus mobile money, the similarities between the two technologies outweigh their differences. Yet, CBDC is said to be different from any other type of payment instrument including mobile money, card payments, or electronic funds…

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…

Uzbekistan: Ensuring Stability of the Payment System

Over the last decade, the Central Bank of Uzbekistan (CBU) has significantly modernized its payment systems and services to meet the preferences of businesses and consumers in the digital era. As in many jurisdictions across the globe, Uzbekistan’s digital…

India: Recent Developments in Payment and Settlement Systems

The Indian payments industry has witnessed remarkable growth, innovation and regulatory support over the last few years. Consequent to the demonetisation of high-value currency notes of ₹500 and ₹1000 in November 2016, the evolution of the digital payments…

In Conversation with Mark Gould, Chief Payments Executive, Federal Reserve Financial Services

Central Bank Payments News catches up with Mark Gould, a 30-year veteran of the Federal Reserve System and its first chief payments executive. In his new landmark role, Mark is responsible for leading the full range of cash and payment services provided…

Global Payments Summit: Toward Digital Sovereignty of European Retail Payments

The latest edition of the Europe Global Payments Summit, hosted online by Currency Research on 30 March, featured a high-profile panel on retail payments in Europe, bringing together a public and a private sector initiative ”with aligning views” on how…

Releasing a National Strategy for Retail Payments in Portugal: Foresight of Medium-Term Evolution

The launch of Banco de Portugal's National Strategy for Retail Payments | Horizon 2022 represents the start of a new phase: implementing a wide range of initiatives to modernise the national market and payment habits within the next two years.

Argentina: Open Payments and Universal Access, Using a Functional Approach

Instant payments are now fully available across any institution in Argentina, bank or fintech, thanks to a comprehensive overhaul of the Argentine Electronic Fund Transfers regulation published in October 2020. The initiative aims to deliver 1500…

Albania—Chasing the Financially Excluded

Chasing excluded populations that don’t have access to financial services, which add up to around 60% of adult population, is considered to be crucial in addressing the heavily cash reliant economy in Albania and an important key to unlocking opportunities…