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











What's New in Payments

ECB survey reveals Europeans expect digital euro to be private, secure and easy to use

ECB survey of European opinions of digital euro graph

More than two-fifths (43%) of Europeans rank privacy as the most important feature of a digital euro central bank digital currency (CBDC), with 18% citing security, 11% the ability to pay across the eurozone, 9% the lack of additional costs and 8% offline usability, according to a European Central Bank (ECB) survey... More