Payments
Over a third of central banks say retail payments are diversifying
Americas and Asia-Pacific tend to report diversification, as tech and regulation drives change
Over half of central banks have payments oversight powers
Networks and international remittance supervision only covered in a few jurisdictions
Retail CBDC complexity may discourage adoption, says research
Kansas City Fed author argues Caribbean CBDCs have struggled to add value
RBA report looks at cross-border payments
Multilateral platform would be more scalable than bilateral links, Australian central bank says
Day-to-day payments too reliant on big tech – BdF deputy
Digital euro will not create a European ‘Big Brother’, Denis Beau says
Payment fraud is on the rise in Denmark and Sweden
Scammers and fraudsters are moving to digital realm
Moldovan instant payments system used over 100,000 times
Central bank says new system’s use will expand to businesses this year
RBI increases payments surveillance during elections
Indian central bank tells system operators to watch for suspicious transactions, report says
RBNZ seeks views on design of ‘digital cash’
New Zealand central bank continues proof-of-concept work on “private and secure” CBDC
BoE’s digital securities sandbox to lead to new regulatory regime
Five-year project to open for applications this summer
Africa’s CMA revamps cross-border payments over AML fears
Central Bank of Lesotho officials say the transition should be smooth but challenging
Laos and Brunei join Asian cross-border payments initiative
Laotian and Thai central banks also launch new cross-border payments link
Digital payments in Saudi Arabia rise to 70% of retail transactions
Transactions processed through national payment systems hit 10.8 billion
US fiscal stimulus boosted vehicle price pressures – Fed research
Vehicle sales driven by consumer and small business stimulus, say Fed researchers
Riksbank uncovers problems in offline CBDC test
Latest phase of e-krona testing focused on offline payments and preventing fraud
Denmark to join eurozone’s T2 and Tips systems
National Bank of Denmark expects to fully transition by April 2025
National Bank of Moldova launches instant payments system
US government backs initiative as Moldovan policy-makers seek links with western nations
Fight against money laundering must continue, Somali official says
Somali central bank aims to enhance transparency over financial flows, says deputy governor
US students struggling to repay loans after end of relief – study
Survey found borrowers unable, or unwilling, to service debt after pandemic support ceased
Irish central bank says payments strategy needs drastic change
Deputy governor says sector is slow to change and backs draft “access to cash” law
PBoC pledges to improve visitors’ payment experience
China’s central bank tells firms to make mobile and card payments easier for foreign nationals
Malaysian governor urges firms to support currency
Cambodian and Malaysian central banks will launch a new cross-border payments link
India and Nepal to set up cross-border payments link
Project adds to growing list of similar bilateral initiatives in Asia
Cash dominates payments in emerging economies, BdF finds
Survey based on responses from 16 central banks, mainly from emerging market economies