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Academic year: 2022

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Finance Norway’s Payments Conference 2020 DEPUTY GOVERNOR IDA WOLDEN BACHE

CENTRAL BANK DIGITAL CURRENCY

AND REAL-TIME PAYMENTS

(2)

Changing payment landscape

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1950 1960 1970 1980 1990 2000 2010 2020

(3)

Cash use has fallen further

Percent

0 10 20 30 40 50 60 70 80 90 100

Other

Online/mobile banking Mobile phone

Payment cards Cash

(4)

Increased globalisation

BigTechs’ networks and market power

New types of monetary and payment systems Global operators in the payment infrastructure

4

(5)

Central bank digital currency (CBDC)

Electronic claim on the central bank, accessible to all Being researched by many central banks

Role of cash and the “precautionary principleˮ

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Central bank digital currency in Norway

Norges Bank is researching CBDC – no decision reached on introduction

Currently assessing:

• CBDC features

• Technical solutions

• Consequences for financial stability and monetary policy

Welcome to our open webinar on 9 November!

6

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Real-time payments

Straks 2.0 ready and all banks join Common

infrastructure Straksready

2013 2016 2018 2020 2021 Initiative to

improve Straks

Straks payment via Vipps

Norges Bank explores expansion of operational role

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8

Innovation – to better meet society’s needs Cross-border payments

Nordic BIS Innovation Hub Centre IT security

• Framework for testing cyber resilience based on TIBER

Technological advances –

opportunities and challenges

8

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Finance Norway’s Payments Conference 2020 DEPUTY GOVERNOR IDA WOLDEN BACHE

CENTRAL BANK DIGITAL CURRENCY

AND REAL-TIME PAYMENTS

Referanser

Last ned nå ( PDF - 9 sider - 0.99 MB )

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