How can policy-makers and companies expand access, promote economic growth, and reduce cross-border friction while ensuring digital payments are safe and secure?
As a key enabling factor in digital trade, digital payments have become an increasingly important driver in global economic growth. The emergence of COVID-19 has further consolidated the role digital payments play in transforming global trade and commerce. However, despite the tech development, barriers to digital payments continue to exist. Those include the lack of inclusion and interoperability as well as the gap between laws and regulations and advancements in payment technology.
Recognizing the opportunities and challenges associated with digital payments, the Digital Trade team engages foremost leaders in the space and convenes this principal-level Advisory Committee to drive greater interoperability and inclusivity as well as more coherent regulatory reforms for digital payments.
Digital payment ecosystems are the invisible infrastructure powering commerce, trade and people’s daily lives. With the onset of global COVID-19 pandemic the value of digital payments for...
Leveraging the World Economic Forum's extensive community of payment experts, this report provides a forward-looking and inclusive approach to defining and measuring the different types o...
This white paper series, composed of eight parts, explores numerous critical topics related to CBDC and stablecoins. It aims to inform policy-makers, digital currency issuers, financial a...
The project was a true co-creation of local and international multi-stakeholders. The report showcases our methodology, the progress made and next steps in the development of the Electron...
The rapid expansion of access to digital payments has made it possible for consumers to conveniently make purchases for goods and services from merchants around the world. The current COV...
Trade costs – the costs of moving cargo from one country to another – are a leading constraint for companies wanting to engage in trade. The development of trade single windows, a one-sto...
Technology has altered the way consumers interact with payment systems. The Internet, digitization, shifting consumer preferences and, in some cases, regulatory reform have accelerated th...
Inclusive growth needs open and global networks. Maintaining and deepening these networks could deliver $3.7 trillion in growth for developing countries by 2025.
A cashless society is on the horizon in Japan, as the government introduces a system for paying salaries digitally – without going through bank accounts.
With more than 15,000 varieties and a market of $2 trillion, digital currencies are growing. What do these new digital currencies mean for international trade?
