Central Banking

RBA payments board backs ‘digital identity’ for Australians

Digital world

The Reserve Bank of Australia’s Payments System Board is urging the industry to come up with a way of granting Australians a “trusted digital identity” for making online payments.

The minutes of the board’s most recent meeting, published today (August 18), show the board discussing how a “digital identity framework” might be implemented: “Members noted the potential for a framework for trusted digital identity to make online interactions more convenient and secure, including the potential to

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