Global CBDC network could save multinationals nearly $100bn

Digital currency

A new report calculates that a global payment network of wholesale central bank digital currencies (CBDCs) could save multinational corporates nearly $100 billion a year.

The paper, published by JPMorgan Chase and the consultancy Oliver Wyman, finds that multinationals pay about $120 billion annually to complete $23.5 trillion in cross-border transactions.

These exchanges often take two or three days to complete and rely on extended chains of correspondent banks across multiple payment grids

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: