The payments revolution is built on the need to promote financial inclusion among consumers, merchants and sectors that lack access to financial services. However, this shift will stall unless prerequisites of digitalisation and consumer adoption is ensured. This panel will look at the payment service providers and CBDC landscape, addressing how best to combat financial exclusion and meet consumer needs. It will address issues surrounding digital identity, data privacy, security, and resiliency and explore how the public and private sector can move beyond walled garden phenomena, solving interoperability and fungibility challenges.
This conversation was part of the OMFIF Digital Monetary Institute Symposium 2021. Click here for more information and to register for the 2022 Symposium.