The Bundesbank has turned its attention to exploring what sort of long-term future cash might have in Germany. In order to be able to proactively shape the evolution of cash in light of the trends we are currently seeing, we need an idea of the environment…
At the Bank of Israel, as in many other countries, we are actively exploring the potential of a retail CBDC. The journey towards a digital shekel requires navigating complex challenges, including addressing financial stability concerns and ensuring that…
Like many other countries around the world, Kyrgyzstan is researching and defining an approach to introducing a national digital currency and testing the concept of the digital token (PoC). On May 25, 2022, the Board of the National Bank of the Kyrgyz…
This article from Piet Mallekoote highlights the background of the digital euro project and provides an overview of the state of play and challenges. Substantial progress has been made in the euro area in recent years with preparations for a digital euro.…
Central Bank Payments News sat down recently with the Bank of Thailand’s Digital Currency Policy and Development Unit — Kasidit Tansanguan, Nuntapun Bhensook, and Thanaporn Rattanakul — to learn more about the retail digital baht pilot and what’s next…
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.
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…
The Central Bank of the Republic of Türkiye (CBRT) is playing a catalytic role in the development of a “robust and innovative payment landscape,” most notably with the establishment in 2021 of an instant payment system and, more recently, its work on…
Following the successful implementation of the first national retail payments strategy in 2022, new challenges illustrate the dynamic nature of the payments ecosystem paving the way for the adoption of a second edition, with renewed focus and a result…
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…
