Jorgovanka Tabaković: Development of financial industry in the digital economy era Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, at the opening ceremony of the 20th China International Finance Forum, 14 December 2023. foreign trade digital economy BRI time: 2023-...
Jorgovanka Tabaković: Development of financial industry in the digital economy era Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, at the opening ceremony of the 20th China International Finance Forum, 14 December 2023. ...
This paper presents a concise overview of the current scenario of Central Bank Digital Currencies (CBDCs) and delves into their historical context. It traces the evolution of money, transitioning from commodity money (e.g., Gold) to paper currency, and explores the pivotal functions that money ...
Google Pay, PhonePe, Amazon Pay, Cred and Mobikwik have applied to join the Reserve Bank of India’s digital currency pilot and offer transactions via e-rupee,Reutersreported citing sources. The RBI had shared its plans to include non-bank payment system operators in offering Central Bank Digit...
This digital currency will help lower our dependence on cash & facilitate smooth international transactions. “It would be RBI’s endeavour, as we move forward in the direction of India’s CBDC, to take the necessary steps which would reiterate the leadership position of India in payment systems...
ONDC is a digital project by the Indian government to enhance competition the e-commerce industry. The government-backed network operates as a set of protocols intended to allow for a competitive digital marketplace where sellers can access new markets, and buyers can access more sellers and have...
India, the world economy’s‘new beacon of hope,’is witnessing a significant shift in the banking and financial sector and consumer investment patterns, driven byemerging technologiesand the adoption of new digital payment methods. “The financial landscape in India is undergoing a structural...
The central bank’s digital currency will be supported by the state-of-art payment systems of India that are affordable, accessible, convenient, safe and secure. The apex bank’s concept note stated that the e-rupee will bolster India’s digital economy, enhance financial inclusion and make th...
“The greatest advantage of CBDC will be that cross-border payments will become far more efficient, faster and very cost effective. As and when other countries adopt digital currency, I think, international payments systems will really gain in efficiency…. It...
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