Central Banks prioritise legacy instant payment systems over CBDCs

Central Banks prioritise legacy instant payment systems over CBDCs

News, Survey

Central Banks prioritise legacy instant payment systems over CBDCs

By Regtech Africa

According to the latest Future of Payments survey by the Official Monetary and Financial Institutions Forum (OMFIF), central banks increasingly favor legacy instant payment systems, like the US FedNow, over CBDCs, with support for CBDCs dropping significantly from 31% in 2023 to 13% in 2024.

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