As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely.
This is a rare positive news story […]
A report into the potential effects of implementing a ‘cashless society’ has found that millions of people would be left struggling, with many vulnerable people being heavily reliant on physical tender.
A report published on Wednesday has found that a […]
ISO 20022 may be delayed in its global rollout, but that doesn’t mean banks can afford to put off or ignore upgrading their payments systems to meet this new messaging standard.
Broadly speaking, ISO 20022 is a global standard […]
Vulnerability hunters for the NSW state government turned up more than 22,000 vulnerabilities in NSW government systems last year, according to Cyber Security NSW’s 2022 […]
Australia is the latest country to be the test dummy for the G7 CBDC. CBDC stands for Central Bank Digital Currency. It is a digital form of a country’s currency that is issued and backed by the central bank of that country. Unlike traditional fiat currency, which is physical cash, CBDC is entirely […]
ANZ today announced it has been selected to act as nominated distributor for selected participants in the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre’s (DFCRC) Central Bank Digital Currency (CBDC) pilot.
As nominated distributor, ANZ will distribute CBDC to selected pilot participants […]
CBA to collaborate with the RBA, the DFCRC and other industry participants to demonstrate the potential benefits of a central bank digital currency.
Members of the World Health Organization (WHO) are days away from voting on an international pandemic treaty and amendments to the International Health Regulations (2005) which would give […]
WELLINGTON – The cyclone that tore through New Zealand last week has exposed the dangers of a cashless society, prompting the central bank to consider new ways […]
