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BIS reports on CBDCs in emerging markets

BIS graph showing motivations for CBDC projects in emerging market economies

Providing a cash-like digital means of payment, increasing private digital payment services, supporting financial inclusion and achieving greater payment system efficiency are among the key motivations driving initiatives to develop central bank digital currencies (CBDCs) in emerging market economies around the world, according to a Bank for International Settlements (BIS) report... More




Ant Financial gets central bank approval to launch mobile wallet JV in Malaysia

Touch ’n Go, Ant Financial get nod for e-wallet services — The Star — “Touch ’n Go Sdn Bhd (TNG) and partner Ant Financial Services Group have obtained Bank Negara’s approval to operate and offer mobile e-wallet services… The mobile e-wallet will be operated by TNG Digital Sdn Bhd, the joint-venture company between TNG and Ant Financial… TNG also expects its current users who are predominantly toll, transit and parking users to quickly sign on to enjoy the expanded services.”