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The Rising Popularity of Mobile Payment Apps: Fueling the Cashless Economy
The convenience of cellphones in today’s digital age has altered many aspects of our life, including how we make payments. Mobile payment apps have grown in popularity, providing customers with a simple and safe way to purchase online. As these apps develop, they play a critical role in accelerating the move to a cashless economy. …
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Govt aims for a cashless economy by 2031
BB official tells BASIS workshop The government has set a target to transform the country into going completely cashless, that is when payments will be made solely online, by 2031, said a top official of Bangladesh Bank. The cabinet has assured the banking regulator of its support through interventions wherever necessary, he told a workshop …
The Money Makeover: Will Central Bank Digital Currencies Break the Bank (Literally)?
The allure and peril of CBDCs. Cash may be king, but its reign is on shaky ground. Enter Central Bank Digital Currencies, the potential future of finance, whispered about in hushed tones by central bankers and tech titans alike. But before we all ditch our wallets for sleek digital wallets, a crucial question lingers: could …
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The Asian Countries That Actually Need A CBDC
Cambodia is one of the leaders in CBDCs in Asia. The use case for the country is clear. Here are the others. At the recent Singapore Fintech Festival, the city-state’s announcement that it would pursue a wholesale central bank digital currency (CBDC) pilot next year was big news, and justifiably so. As Southeast Asia’s key financial …
