Australian payments authorities consult on shared tech strategy
Digital IDs expected to become central in payments, as tokenisation forms parallel system
The Reserve Bank of Australia launched a consultation on April 30 on how interaccount payments should evolve between individuals, business and the government, given advances in technology.
The Australian Payments Network – Australia’s payments regulator, domestic operator Australian Payments Plus, and the treasury – are also seeking responses from key stakeholders by May 22 to develop a “shared vision”.
“Digital identity is expected to become central to payment authentication,” the authorities
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