Payments
Cash usage keeps falling in Netherlands
In 2018, 37% of purchases were paid for in cash, down from 41% in 2017
Swift says Singapore trial cut cross-border payment times
Network argues existing payments systems can be used for cross-border transfers
Cash no longer US’s most popular means of payment
Debit cards were the most frequently used means of payment in 2018, Fed report finds
Zimbabwe relying on central bank to keep lights on
$14 million needed to keep power flowing, and debts are piling up, says energy CEO
PBoC gets go-ahead from China’s cabinet to develop CBDC
China’s central bank is developing its own CBDC, as officials voice concerns over Facebook’s Libra
PBoC sounds alarm over Facebook’s Libra
Central banks must keep control of Facebook currency, senior officials say
Belize starts charging banks for payment processing
Central bank had previously shouldered the cost of the payment system
Mobile financial services bring firms into formal economy - BdF paper
New technologies cuts size of ‘informal’ economy in developing world, researchers find
RBNZ launches strategy to become ‘best central bank’
Statement of intent for 2019–22 includes an update to RTGS system, and a “future of cash” plan
BIS annual report warns of big tech threat to banks
Basel-based body wants “level playing field” for banks and tech firms, as Facebook enters payments space
Carney pledges BoE will shape ‘future of finance’
BoE wants innovation on balance sheet access, SME credit and climate stress tests
RBNZ highlights cash advantages as usage declines
New Zealand central bank aims to protect sectors of society more reliant on cash
Facebook unveils new ‘currency’
Social media group says it plans to “reinvent money” with payment system backed by liquid reserves
Riksbank investigates adoption of T2S for securities trading
Central bank thinks securities settlement must move towards faster, round-the-clock operations
Riksbank needs 24/7 instant payments platform – deputy governor
Ever higher use of electronic payments demands better infrastructure to guarantee safety, says Martin Flodén
RBI waives RTGS fees in bid to boost digital payments
Banks expected to pass the cost savings on to their customers
National Bank of Ukraine continues to focus on CBDC
‘E-hryvnia’ pilot project was completed in February
Riksbank opens procurement for e-krona development
Central bank intends to commission platform for electronic central bank payments in 2020
New data reveals 20% drop in correspondent banking
CPMI data reveals ongoing decline; FSB unveils latest work to reverse trend
Nepal’s central bank bans Chinese mobile payment platforms
Alipay and WeChat Pay banned; foreign payment services must register in Nepal
Swift announces trials with ECB instant payment system
Linking “Swift gpi” to ECB’s Tips will greatly reduce delays in settlement, consortium says
RBI unveils vision for e-payments overhaul
Central bank says next 10 years will see “revolutionary shift” in payments across India
Zhou on four key decisions that forged the modern-day PBoC
Zhou Xiaochuan shares his insights on central bank leadership in China’s economic reform
Education, education, education: designing a master’s in global central banking
The BoE’s Paul Fisher says there is a growing need for all-round central banking education