What's New in Payments

BIS reports on CBDCs in emerging markets

BIS graph showing motivations for CBDC projects in emerging market economies

Providing a cash-like digital means of payment, increasing private digital payment services, supporting financial inclusion and achieving greater payment system efficiency are among the key motivations driving initiatives to develop central bank digital currencies (CBDCs) in emerging market economies around the world, according to a Bank for International Settlements (BIS) report... More



Digital Identity Working Group lays out principles for interoperable digital identity systems

Digital Government Exchange (DGX) 400W

The Digital Identity Working Group (DIWG), made up of digital identity specialists from eight Digital Government Exchange (DGX) member states across the world, has identified 11 core principles to support international collaboration on the development of mutually recognised and interoperable digital identity systems and infrastructure... More












Covid-19 pandemic cuts demand for plastic cards

ICMA International Card Manufacturers Association logo

The total value of the global plastic cards market has fallen by US$3bn over the course of the Covid-19 pandemic, with the number manufactured worldwide falling by 19.7% from 37.1bn in 2019 to 29.8bn in 2020, according to the International Card Manufacturers Association (ICMA)... More





What's New in Payments

Visa proposes CBDC protocol that lets consumers exchange digital cash via Bluetooth or NFC

Visa paper on CBDC protocol enabling consumers to exchange digital cash via NFC or Bluetooth

Visa has published a research paper exploring an offline payment system (OPS) protocol for central bank digital currencies (CBDC) that would enable users to make digital payments to other users even when both sender and recipient are temporarily offline or unable to connect to a bank, payment network or other intermediary... More