A new era in cross-border payments is coming. The G20 has made enhancing cross-border payments a strategic and economic priority. Progress is essential in an area viewed as critical and yet steadfastly characterised as high in cost and low in speed, with limited access and poor transparency. For the launch of OMFIF’s ‘Future of cross-border payments’ report, the Digital Monetary Institute is convening a panel to explore the potential role of digital currencies in cross-border payments, the future role of traditional payments providers and networks, the role of distributed ledger technology in upgrading wholesale payments and remittances, as well as next steps for global coordination.

The ‘Future of payments’ is the DMI’s annual benchmark report. Last year’s report explored the future of retail payments. It found that 75% of respondents find payment systems governance a key function of the state, with 56% also seeing a greater future role for public-private partnerships in payments.

Panellists:
Henry Holden, Adviser, BIS Innovation Hub
Saskia Devolder, Strategic Programme Director, SWIFT
Andrea Civelli, Associate Professor in Economics, University of Arkansas and Senior Economist, Algorand
Phantom Seokgu Yun, CEO, Sovereign Wallet Network Global
Dr Joshua Daniel, Product Manager – Coin Systems, Onyx by J.P. Morgan

Remarks by Lewis McLellan, Editor Digital Monetary Institute,  OMFIF

Moderated by John Orchard, CEO, OMFIF

Recorded on 14/12/2022

In partnership with:

This virtual discussion is part of the OMFIF Digital Monetary Institute. The OMFIF Digital Monetary Institute is a high-level forum which convenes key policy-makers, technology experts, investors and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact folusho.olutosin@omfif.org directly for membership details or register your interest below and we’ll be in touch.