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News in Brief

The Reserve Bank of India (RBI) has issued a report on India’s payment system. Part of that report benchmarks India against 21 countries.

News - August 1, 2022 midnight

New Report on The Importance of Cash in a Crisis

Professors Gerhard Rösl and Franz Seitz have written a paper in which they compare the handling of the 1929 depression, the 2008/9 recession, India’s demonetisation exercise and Greece’s experience in their sovereign debt crisis and financial challenges starting 2009 until today.

Staff Papers - August 1, 2022 midnight

Payment News

Mobile money systems, of which M-Pesa is the best known, are evolving to the detriment of the network of agents who handle their transactions, according to a recent article in The Economist magazine.

News - August 1, 2022 midnight

CBDC Updates

Taiwan has said that it has completed trials of its prototype retail CBDC in technical simulations. This was concluded three months early. Electronic payments have risen from 40% in 2017 to 60% in the first quarter of 2022.

Digital CN - August 1, 2022 midnight

Understanding Changes to Access to Cash in Canada

The Bank of Canada has issued a Staff Discussion Paper that focuses on the retail side of the cash distribution system examining changes in cash accessibility as the result of the COVID-19 pandemic.

Country Profile - August 1, 2022 midnight

ESG: In Need of a Clean Up

The Economist magazine issued a special report on Environment, Society and Governance (ESG) in its 23 July 2022 edition. It describes ESG as having had a ‘negligible impact on carbon emissions’.

Free - August 1, 2022 midnight

Stablecoins – the Future of Money?

Schroders, a global asset management and wealth manager, has published a perspective piece, ‘Stablecoins: what they mean for the future of money’.

Digital CN - August 1, 2022 midnight

Smart Contracts – What Does the Law Say?

There is much talk of smart contracts in the National Bank of Denmark paper on payments. Whether in the context of CBDCs or other payments, they are frequently put forward as an attractive ‘prize’ worth pursuing.

News - July 4, 2022 12:01 a.m.

Sustainability Update

The financial industry is paying increasing attention to published Environmental, Social and Governance (ESG) data, driven by regulatory requirements and investor demand.

Sustainability - July 4, 2022 midnight

Achieving Financial Inclusion in Brazil

Brazil is doing something different around payments. It is driving increasing levels of financial inclusion using digital payments, something much talked about but seldom delivered.

Country Profile - July 4, 2022 midnight

The CashTech Innovation Awards

The global independent think tank CashEssentials has announced the launch of the CashTech Innovation Awards, to recognise innovations that will facilitate access to and acceptance of cash.

Events - July 4, 2022 midnight

CBDC Round Up

The Bank for International Settlements (BIS) Hong Kong Innovation Hub will start Project Selah in the third quarter of 2022. The project sees the Hong Kong Monetary Authority and the Bank of Israel working together, with the BIS, to test a two-tier system.

CBDC - July 4, 2022 midnight

Payment News

The UK’s Financial Conduct Authority is concerned that some banks and building societies are closing branches without considering carefully enough the impact on their local communities. It is looking at updating guidance to rectify this.

News - July 4, 2022 midnight

Will Less Cash Lead to Debt?

A website, Scitechdaily, has written about what they refer to as the ‘cashless’ effect, the increased willingness to buy things when physical cash does not change hands.

Cash Usage - July 4, 2022 midnight

MDC Forum – Cash in Uncertain Times

Four speakers focused on the future of cash at the recent Mint Directors Conference online forum. Two academics used their research to explain how, and why people pay as they do and then two speakers questioned future payments and how they might evolve.

Events - July 4, 2022 midnight

What Does the Future Hold for Payments?

Last year, the International Banknote Designers Association (IBDA) held a virtual conference. One speaker, Dr Franklin Noll, presented his thoughts on how we’ll be paying in ten years time.

Future of Cash - July 4, 2022 midnight