What's New in Payments

PBOC: Chinese consumers will be able to store their digital currency in both physical and digital wallets

Front of the PBOC building, Beijing

Chinese consumers can now open digital yuan wallets using different levels of customer identification depending on the transaction and balance limits they require and can activate wallets “with the lowest authority” with just their mobile phone number in line with the “principle of controllable anonymity”, the People’s Bank of China (PBOC) has revealed... More







What's New in Payments

Bank of England sets out core principles for digital pound

Financial inclusion, creating a competitive ecosystem, comparison with other payment innovations, user privacy and monetary and financial stability will be the five core principles that guide the Bank of England’s future exploration and development of a central bank digital currency (CBDC) in the UK, the financial institution has revealed... More





EU confirms plans for European Digital Identity Wallet

Person using smartphone for digital identity

The European Union has confirmed that it plans to introduce an EU-wide digital wallet that will enable all EU citizens to link their national digital identity with other personal attributes including their driving licence, diplomas and bank account details and store them on their mobile phone... More