Middle East

The Covid-19 pandemic has undoubtedly accelerated digital transformation measures across industries – and the banking sector is no exception. According...

The use of cash is dwindling. Back in 2011, over 50% of transactions in the US involved cash. This number...

Governments around the world are pouring more resources into CBDC research and exploratory use cases. Among the major economies, China...

The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study...

The UAE Central Bank (CBUAE) is set to introduce digital currency in a bid to crack the top ten of...

The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of...

The Bank for International Settlements (BIS) has reaffirmed its support for central bank digital currencies (CBDCs). In a report titled...

Bahrain’s central bank (CBB), located in the Middle East, has announced that it will conduct experiments on digital currency settlement...

The General Manager of the Bank for International Settlements (BIS) recently spoke about CBDCs, saying that they could be highly...

Central bank digital currencies could spark a wave of new, non-bank players in retail payments and shake up the sector,...