Luxembourg to trial digital identity wallet as part of EU pilot

Luxembourg woman digitally signing on an ipad as part of EU digital ID pilot

Luxembourg’s Ministry for Digitalisation and Government IT Centre (CTIE) are to test a digital identity system that allows multiple official documents to be stored and exchanged across four use cases as part of the European Union’s large-scale European Digital Identity Wallet (EUDIW) pilot programme... More


US Consumer Financial Protection Bureau proposes new rule to oversee Big Tech digital wallet and payment app providers

Consumer Financial Protection Bureau (CFPB) logo

The US Consumer Financial Protection Bureau (CFPB) is proposing to subject large non-bank companies that offer consumer finance services including digital wallets and payment apps – such as Apple and Google – to the same regulatory scrutiny and oversight as banks, credit unions and other financial institutions... More





China offers financial incentives for companies moving into Shenzhen’s digital yuan zone

Digital yuan symbol

Industrial enterprises, fintechs, commercial banks, start-ups and other businesses relocating to China’s newly opened digital yuan industrial park in the city of Shenzhen will receive incentives including settlement payments of between 500,000 and 50m yuan (US$6.8m), free rent for up to three years and loans with favourable interest rates... More






Nigeria adds support for NFC payments using eNaira CBDC

Smartphone with Nigerian cbdc enaira app

The Central Bank of Nigeria (CBN) is enabling consumers and merchants to use their smartphone to make and receive contactless in-store and P2P payments with the country’s eNaira central bank digital currency (CBDC) using NFC, even if they are offline, according to local media reports... More