CBPN Latest News
CBDC
In Conversation with the Bank of Thailand’s Digital Currency Policy and Development Unit
Central Bank Payments News sat down recently with the Bank of Thailand’s Digital Currency Policy and Development Unit — Kasidit Tansanguan, Nuntapun Bhensook, and Thanaporn Rattanakul — to learn more about the retail digital baht pilot and what’s next for Thailand’s CBDC journey.
Cross-Border Payments
BISIH: Project Nexus - Enabling Instant Cross-Border Payments at Scale
The BIS Innovation Hub (BISIH) has developed Nexus, which is a blueprint to connect IPS globally in a multilateral and scalable manner. Nexus achieves this by standardising the way IPS connect to one another by leveraging on a common set of Application Programming Interfaces (APIs) and ISO 20022 mes...
Digitalisation
Visa: How Mid-market Companies are Taking Advantage of Global B2B Payments Innovations to Meet Trade Finance and Working Capital Objectives
Fast-growing mid-market businesses are increasingly embracing the dual objectives of payment digitalization and sustainability in pursuit of international growth goals. Unfortunately, mid-market businesses that are diversifying their exports haven’t always had the same options as larger enterprises ...
Industry Perspectives Report
Transforming Payments for the Real World: Industry Insights in 2024
The third annual Central Bank Payments News supplement features insightful perspectives from six leading players in the global payments ecosystem who are working closely with central banks to spark genuine transformation in payments.
Fintech
National Bank of Georgia's Innovation Office: Importance and Need in Georgia’s Financial Sector
Regulators need to be open to innovation to balance the market, which is why the National Bank of Georgia (NBG) created the Financial Innovation Office (FIO). The FIO serves as a critical, yet often understated, protagonist at the heart of this technological revolution. New entrants in financial ser...
Interoperability
ProgressSoft: Guiding Your ISO 20022 Adoption Journey
The global payment landscape is undergoing a profound transformation with the adoption of ISO 20022 standards and Cross-Border Payments and Reporting Plus (CBPR+) usage guidelines. This revolutionary shift not only brings forth promising innovations but also presents significant challenges for finan...
Instant Payments
AfricaNenda: Key Trends Shaping the Instant Payment Systems Landscape in Africa
The instant payment systems (IPS) landscape in Africa is vibrant, propelled by the growing need for faster, interoperable, more secure, more affordable, and more convenient retail payment options. As of 2023, there were 32 live public or public-private instant payment systems in Africa, processing o...
Events
Currency Research Global Payments Week 2024
A high-profile delegation of central bankers and innovators in the payments industry will be heading to Kuala Lumpur, Malaysia, this June for the Currency Research Global Payments Week 2024. To find out more about the themes guiding the events — the Central Bank Payments Conference (CBPC) and the Gl...
Digital Payments
In Conversation with Zeynel Abidin Avcı and Bilgehan Kürsad Öz of the Central Bank of the Republic of Türkiye
The Central Bank of the Republic of Türkiye (CBRT) is playing a catalytic role in the development of a “robust and innovative payment landscape,” most notably with the establishment in 2021 of an instant payment system and, more recently, its work on a digital Turkish lira. Central Bank Payments New...
In This Issue: May 2024
- We sit down for a discussion with Kasidit Tansanguan, Nuntapun Bhensook, and Thanaporn Rattanakul of the Bank of Thailand's Digital Currency Policy and Development Unit on the Bank's recently concluded retail CBDC pilot.
- Kah Kit Yip of the BIS Innovation Hub Singapore Centre provides an update on Project Nexus and its multilateral approach to connecting instant payment systems globally.
- Todd Fox and Alan Koenigsberg of Visa, in collaboration with Nextrade Group Founder and CEO Kati Suominen, explore how mid-market companies are leveraging global B2B payments innovations to meet their trade finance and working capital objectives.
- We're also releasing our third annual Industry Perspectives report. This year's theme is Transforming Payments for the Real World: Industry Insights in 2024, featuring contributions from:
- Joachim Samuelsson (Crunchfish): Privacy Considerations in CBDC
- Carmelle Cadet (EMTECH): Fostering Innovative CBDC Use Cases Through the e-Cedi Hackathon Pilot
- Shadi Dababneh (ProgressSoft Corporation): Central Banking in the Digital Age: A Nationwide Perspective
- Jarrad Hubble (RTGS.global): Why Cross-Border Payments in Opportunity Markets are Ripe for Disruption
- Walter Schmölzer (UNIFITS): Unifits Helps Shape Next-Generation Payment Testing in the UAE
- Ezechiel Copic and Rami Amin (Visa): What it Takes for a Payment System to Thrive
