MANY PATHS, ONE GOAL

Future of payments 2024

26 November 2024

Advancements in technology have instigated a period of remarkably rapid change in the payments industry. The official sector has made the delivery of quick, cheap, secure and transparent cross-border payments a priority and a whole host of potential solutions are taking shape across both the public and the private sector – with some of the most fruitful work emerging from the intersection of the two.

This shift in technology is likely to bring about geopolitical developments. While the dollar’s status as the most important reserve currency is likely to be unassailable, trading blocs might develop new technical infrastructure to reduce their reliance on the dollar and on western-owned payments systems.

OMFIF is excited to present the latest Future of payments report, featuring an extensive survey of central banks uncovering their beliefs about cross-border payments and the various solutions being proposed.

The report covers:
• Multi-currency central bank digital currency platforms
• Tokenisation of money – public and private
• The interlinking of fast payment systems
• Open banking
• Upgrading the correspondent banking model

Speakers

Dong He

Deputy Director, Monetary and Capital Markets

International Monetary Fund

Jennifer Fowler

Member of the Secretariat

Financial Stability Board

Zain Saidin

Chief Executive Officer

Tassat

Partner with us

As regulators catch up to the nuances of the new asset class, financial institutions’ experiments with digital asset technology are beginning to yield results – promising a newer and more efficient transaction medium for financial markets.

Our team of researchers at OMFIF have identified four pivotal pillars that require careful consideration over the coming months: the digitalisation of traditional finance, digital assets for sustainability, thriving in winter and spring cleaning the crypto market.

OMFIF’s readership spans policy-makers, supranational institutions, 129 central banks and 10,000+ subscribers across the private and public sector. By partnering with the Digital Monetary Institute for this report on digital assets, your organisation will be showcased as a leader in building and protecting the markets of the future.

For partnership enquiries please contact Folusho Olutosin at partnerships@omfif.org.

Contact Folusho Olutosin to talk about your partnership opportunity

folusho.olutosin@omfif.org

About DMI

The DMI was founded to meet the needs of central banks in understanding the emerging digital economy. Today the DMI is the leading convenor between the public and private sector on digital currencies and the future of capital markets.

We provide a trusted platform for our global community of central banks, multinational financial services, payment service providers, commercial banks and technology providers to shape the dialogue on the future of money. Driven by central banks, the DMI is the go-to place for policy discussions on central bank digital currencies and all related issues.