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John Winchcombe

30 July 2023

4 min read

Expanding the Use of China’s e-CNY

China’s digital currency, the e-CNY, is the world’s largest, longest running and most ambitious Central Bank Digital Currency pilot. Its scale and ambition are huge, as shown by the Governor of the People’s Bank of China (PBOC) who, speaking at a Monetary Authority of Singapore conference, revealed that the e-CNY has had over $250 billion in transactions in its first 18 months since launch.

Digital CN

John Winchcombe

29 June 2023

3 min read

The Metaverse: a New Frontier Needing Exploration

The media rejoices in either claiming the metaverse is dead in the water or that it is booming. Wherever it falls, payments are made in the metaverse, it is a global marketplace and there is the opportunity to do things differently.

AI Cash Usage Digital CN

John Winchcombe

29 June 2023

4 min read

How to Do Demonetisation Well

In 2019 the Central Bank of Kenya demonetised the KES 1,000 banknote. It has issued a comprehensive report on its experience that offers interesting lessons for any central bank planning such an exercise.

Cash in Circulation

Paul Blond

25 June 2023

5 min read

Australia’s Payments System Strategic Plan

Following industry wide consultation at the end of 2022, the Australian Federal Government has published its Strategic Plan for the future of Australia’s payments system setting out a number of policy objectives and priorities. The plan outlines the government’s commitment to ensuring that the country’s payments system is safe, affordable, trusted and will remain readily accessible.

Future of Cash Studies, Reports

John Winchcombe

25 June 2023

3 min read

The Need For A Very Good Reason for a CBDC

The Federalist Society in the US has published a useful, and brief, summary of where key economies are in their CBDC thinking.

CBDC

John Winchcombe

25 June 2023

5 min read

Payments News

Visa carried out a Consumer Payment Attitudes study in Singapore in October 2022. It found that nearly 90% of Singaporean consumers regard cashless payments and mobile banking to be the most eco-friendly option.

News

John Winchcombe

25 June 2023

5 min read

Armaguard/Prosegur Merger Gets the Go-Ahead

Many countries are facing falling cash demand, which is causing problems in the cash cycle. This report, by Paul Blond of the Blond Group LLP, shows the compromises having to be made in Australia as a result.

Country Profile

John Winchcombe

25 June 2023

2 min read

Future of Cash Agenda Made Public

The Future of Cash conference takes place in Istanbul 6-8 November, with the early booking delegate fee ending on 15 September.

Events

John Winchcombe

25 June 2023

4 min read

Delivering Offline Capability

The Bank for International Settlements has published ‘A Handbook for Offline Payments with Central Bank Digital Currencies’.

Digital CN

John Winchcombe

25 June 2023

2 min read

A2A Payments Make Progress

Account-to-account payments (A2A) have been talked about for some time. There is some evidence that they are beginning to fulfil their promise. The latest 2023 Worldpay Global Payments Report from FIS says there are now 64 real-time payment schemes in operation providing high-speed payment rails for A2A payments.

Digital CN Digital Payments Future of Cash

John Winchcombe

25 June 2023

5 min read

News in Brief

The Dutch Finance Minister has proposed legislation to ensure the provision of cash facilities, at least to a basic level. The legislation builds on the results of a PwC study on the future structure of the system for banknote and coin deposits and withdrawals for consumers and retailers.

News

John Winchcombe

25 June 2023

7 min read

ABCD to STSMs – A New Banknote Forecasting Model

With the publication of the IMF paper ‘Measurement and Use of Cash by Half the World’s Population’, and the Cash Essentials rebuttal, a new paper about demand forecasting by the Banca d’Italia is timely and adds to the discussion.

Cash in Circulation Cash Usage Free Free

John Winchcombe

25 June 2023

4 min read

CBDC Round-Up

Bruegel, a Brussels based European think tank, has published a paper considering the value added by CBDC in the context of the euro area.

CBDC Digital CN

John Winchcombe

11 June 2023

5 min read

Understanding the Impact of Retail CBDCs on Banking

In the last few years, the number of papers written about CDDCs has exploded as the world’s central banks rush to think about and investigate them. The Bank of Canada has carried out a literature review focusing in particular on the potential impact of introducing a CBDC on private banks, which it has published as a staff discussion paper.

CBDC Studies, Reports

John Winchcombe

11 June 2023

5 min read

Payment News

The latest Federal Reserve Payments Study shows an annual 6.2% increase in the number of card payments between 2018 and 2021. Behind that figure there are fluctuations, a fall in 2020 being offset by a rise in 2021, for example.

News

John Winchcombe

11 May 2023

5 min read

CBDC Round-Up

The European Central Bank (ECB) has issued a progress report on the digital euro. The ECB’s thinking is in development, with a final decision to be made at a future date. A notable element in the report is the work on how the digital euro may be made available and harmonised with existing payment systems.

CBDC Digital CN

James Shepherd-Barron

11 May 2023

3 min read

Cash As Important As Food

The UN-facilitated Cash Working Group for Sudan, temporarily based in Nairobi, Kenya, is considering its options. While there will be a short-term requirement for food-aid, the bulk of the response is likely to involve cash transfers. But in what form?

Cash Management Free Free

John Winchcombe

11 May 2023

5 min read

News in Brief

The Bank of Korea is planning to introduce a QR code-based ATM deposit and withdrawal service this year. When this service is in place, users will be able to make deposits and cash withdrawals and this function will be possible irrespective of whether the ATM belongs to the customer's bank or not.

News

John Winchcombe

11 May 2023

5 min read

IMF Praises India’s Digital Infrastructure

The IMF has issued a working paper ‘Stacking up the Benefits Lessons from India’s Digital Journey.’ In it, the IMF describes the achievement of India in creating a Digital Public Infrastructure (DPI) that delivers significant benefits.

Country Profile Digital CN Digital Payments

John Winchcombe

11 May 2023

9 min read

Three Views on the Future of Cash

The Silk Road Cash & Payments conference, which took place in Almaty, Kazakhstan at the end of March, included a session looking at the future of cash, with presentations from the Bank of Israel, the Bundesbank and European Savings and Retail Banking Group.

Events Future of Cash

Latest News

Expanding the Use of China’s e-CNY

The Metaverse: a New Frontier Needing Exploration

How to Do Demonetisation Well

Australia’s Payments System Strategic Plan

The Need For A Very Good Reason for a CBDC

Payments News

Armaguard/Prosegur Merger Gets the Go-Ahead

Future of Cash Agenda Made Public

Delivering Offline Capability

A2A Payments Make Progress

News in Brief

ABCD to STSMs – A New Banknote Forecasting Model

CBDC Round-Up

Understanding the Impact of Retail CBDCs on Banking

Payment News

CBDC Round-Up

Cash As Important As Food

News in Brief

IMF Praises India’s Digital Infrastructure

Three Views on the Future of Cash

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