Innovation and evolution in payments and the role of central banks

The payments landscape is changing rapidly, driven by new and evolving technology, non-traditional players and new payment instruments. At the same time, central banks’ core objectives and functions – financial stability, monetary policy, banking supervision and financial services access – haven’t changed. Against this backdrop, central banks are evaluating and/or deploying new digital settlement solutions, including faster payments systems and central bank digital currencies. This discussion will explore these key topics, focusing on the role of the private sector, central banks and the importance of competition and innovation for the new payments landscape.

Panelists:

• Charlotte Hogg, CEO, Visa Europe
• Judith Obholzer, Managing Executive Public Policy, Vodacom
• Peter Conti-Brown, Assistant Professor, The Wharton School of the University of Pennsylvania
• Thomas Lammer, Deputy Head of Secretariat, CPMI, Bank for International Settlements
• Oded Salomy, Director of Payments Systems and Settlement, Bank of Israel

Moderated by Bhavin Patel, Senior Economist and Head of Fintech Research, OMFIF