Instant payments
Wholesale CBDCs may not fix cross-border frictions – panellists
Policy-makers question whether CBDCs will make international payments faster and cheaper
Payments and market infrastructure development – retail: Central Bank of Hungary
The Hungarian central bank’s strict implementation requirements and unique operational setup has supported the acceleration towards electronic payments during the pandemic
Bank of Thailand plans overseas PromptPay connections
Central bank aims to connect to retail instant payment systems in other countries
Governor of the year: Alejandro Díaz de León
Díaz de León has upheld the authority, integrity and independence of the Bank of Mexico against significant external and internal pressures
Fed’s ‘operational error’ disrupts key payment services
Fedwire, ACH and other transfer systems suspended for several hours
Kenneth Montgomery on the Fed’s progress with instant payments
The FedNow project leader speaks about Covid-19 payment behaviours, a new liquidity management tool and what it will take to achieve ubiquitous instant payments in the US
Bank of Canada may speed research into central-bank e-currency
Deputy governor says digital cash “not foregone conclusion,” criticises crypto
Thai interbank platform starts ‘bulk payments’
Upgrade will increase operability between systems, company says
Ulrich Bindseil on the launch of the digital euro
The ECB’s director-general for market infrastructure and payments speaks about the functionality, tiering approaches, privacy policies, ledger technology and ecosystem impact of the eurozone's planned CBDC
The role of Tips for the future payments landscape
Tips could support euro CBDC plus cross-border payments in many currencies
Danish central bank moves closer to Target settlement systems
National Bank of Denmark applies to use T2 RTGS system and may start using Tips
Brazil launches instant payments platform Pix
Central bank governor says new system aims to foster competition and integration
ECB says Target2 outage was caused by third-party network device
“Root cause” was software defect in third-party network device in eurosystem’s network – ECB
Eurosystem lays out retail digital payment strategy
Access to cash and level playing field for electronic payments are key elements – Panetta
RBA sees no immediate need for retail CBDC
Head of payments policy discusses trade-offs involved in issuance
ECB’s Panetta stresses digital euro should preserve privacy
Central bank launches public consultation on digital euro
Riksbank will host Nordic fintech hub for BIS
Swedish parliament amends law governing central bank to finance BIS innovation hub in Stockholm
Central Bank of Brazil forms CBDC working group
Report by commercial bank warns that Brazil faces strong structural obstacles to CBDC
Fed reveals instant payment plans
FedNow will feature interoperability on ISO 20022 message standard and new liquidity tool
Dutch cash payments fall sharply, DNB says
Cash payments were 30% of transactions in early 2020 but fell to 13% in April, study finds
The evolving role of central bank money in payments
The line between commercial and central bank money continues to blur, but the multiple-issuer/one-currency paradigm underpinning the current monetary system is set to remain in a CBDC world, write Ulrich Bindseil and Ignacio Terol
Brazil suspends WhatsApp payments
Facebook’s app had launched digital payments in Brazil on June 15
Fed develops new fraud prevention model
Federal Reserve wants model to be voluntarily adopted across US payments system by 2024
Campos Neto on reforming Brazil’s economy amid Covid-19 distress
The Central Bank of Brazil governor speaks about how Brazil is managing fallout from the coronavirus pandemic, the benefit of large reserves, his plans to deploy emergency asset purchases and why he favours extending the IMF’s SDR funding