Around 100 countries are now exploring the potential development and issuance of a central bank digital currency (CBDC), and the challenges and opportunities identified by these research projects reveal a need for “increased international information-sharing of insights learned”, according to an International Monetary Fund (IMF) report... More
Financial inclusion
Dayton RTA adds physical cards to Tapp Pay mobile ticketing service
The Greater Dayton Regional Transit Authority (GDRTA) in the US state of Ohio has launched a reusable physical smartcard to enable passengers without a smartphone to make capped contactless fare payments using its Tapp Pay account-based ticketing service... More
EU approves plans for instant cross-border payments
The European Council has endorsed plans to introduce a fully integrated retail payment system that will enable instant cross-border payments and financial transfers throughout the European Union... More
ATM industry publishes plan to combat the decline of cash withdrawals
The ATM Industry Association (ATMIA) has published an ATM and Cash Revival Plan “for an ATM industry hit hard by the Covid-19 pandemic”... More
World Economic Forum publishes central bank digital currency toolkit
The World Economic Forum has released a Policy-Maker Toolkit for central bank digital currencies (CBDCs), designed “to help central banks evaluate, design and potentially deploy CBDC”... More