Payments
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Slight majority of US consumers ‘warm’ to CBDC, survey says
Respondents most interested in free use and widespread market adoption, Philadelphia Fed finds
BIS project aims to redesign global payments infrastructure
“Most ambitious” innovation hub project to date will test BIS’s “unified ledger” concept
Digital payments in Saudi Arabia rise to 70% of retail transactions
Transactions processed through national payment systems hit 10.8 billion
Denmark to join eurozone’s T2 and Tips systems
National Bank of Denmark expects to fully transition by April 2025
Fintech Benchmarks 2024 – model banks analysis
Data reveals how advanced and emerging economy central banks structure their fintech functions
Central Banking Awards 2024: second group of winners unveiled
Ukraine’s Andriy Pyshnyy named Governor of the year
Has mobile money achieved what retail CBDCs aspire to?
Central Banking Spring Meetings: Fintech panellists discuss financial inclusion and bank casualties
Fintech Benchmarks 2024 report – the promise and threat of AI
Benchmark data reveals how central banks are developing CBDC, tapping into AI tools and using cloud services to boost their work
Irish central bank says payments strategy needs drastic change
Deputy governor says sector is slow to change and backs draft “access to cash” law
PBoC pledges to improve visitors’ payment experience
China’s central bank tells firms to make mobile and card payments easier for foreign nationals
Philly Fed study shows growth in ‘buy now, pay later’ products
Users of deferred-payment schemes are generally people in financial difficulty, say authors
Malaysian governor urges firms to support currency
Cambodian and Malaysian central banks will launch a new cross-border payments link
Escaping the structural liquidity trap
Investment needs to be subsidised not taxed if developed countries want to avoid inflation and financial crises, writes Andrew Smithers
India and Nepal to set up cross-border payments link
Project adds to growing list of similar bilateral initiatives in Asia
Cash dominates payments in emerging economies, BdF finds
Survey based on responses from 16 central banks, mainly from emerging market economies
Russia to onboard 17 more banks in digital ruble trials
Central bank in talks with "friendly countries" to link with their CBDCs and payments systems
Central banks, FMIs and the ‘green’ agenda
Collective efforts are needed to transform the environmental footprint of payment networks, writes Biagio Bossone
CBDC is inevitable
Central bank digital currency should be thought of as a platform rather than a product, writes Dave Birch
‘Digital pound’ enters next stage of design phase
BoE and Treasury outline how CBDC could work and try to allay concerns