Covid-19 has highlighted payments systems problems – BIS report

Pandemic may have strengthened case for central bank digital currency, report says

shutterstock-163502138-online-payment

The Covid-19 pandemic has highlighted shortcomings in payments systems, and may have strengthened the case for central bank digital currency (CBDC), says a report from the Bank for International Settlements.

The pandemic has “amplified calls” for greater access to digital payments by vulnerable groups, the BIS says in the report, published on June 24. It has also highlighted the need for more “inclusive, lower-cost payment services”.

One possible solution could be central bank digital

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.