The recent announcement that Facebook, with its 2.7 billion users (one-third of humanity), was stepping into the money-transfer business shocked the world’s central ... tier system, the central bank ...

Global bank messaging network SWIFT ... when the first major ones are launched. Around 90 per cent of the world’s central banks are now exploring digital versions of their currencies.

The People’s Bank of China (PBOC) announced that it would start testing its own central bank digital ... digital currency offers a compelling solution to slowing economic growth and rising inflation ...

This is important in Nepal’s rural areas with limited or unreliable internet access. China, for example, has developed a ...

Industy experts shared their thoughts on the future of new wave of payments, at the Tech & Innovation Summit, organised by Entrepreneur India.

Central Bank Digital Currencies are poised to ... According to a McKinsey report, the percentage of households that own digital assets around the world is significant: 10 per cent in the EU ...

Philip Lane said the prevalence of electronic payments using Apple Pay, Google Pay and PayPal "exposes Europe to risks of ...

Philip Lane, chief economist of the European Central Bank ... to phase out paper currency, it would have far-reaching effects around the globe. Promoters of a digital currency allege that it ...

The Bank of Korea (BOK) will launch a pilot for real-world transactions using its central bank digital currency (CBDC) in ...

1 This suggests that such point-of-sale (POS) transactions are critical for the relevance of a central bank digital currency (CBDC). This note summarizes recent research on the impact a CBDC could ...