With the shrinking role of cash, and the rise of new digital forms of money gaining momentum as we transition to a cashless society, sovereign nations are now actively implementing new monetary digital transformation initiatives. According to the results of a survey conducted by the Bank for International Settlements (BIS), 9 out of 10 central banks around the world are exploring central bank digital currencies (CBDC).
Given that cross-border payments are more complex than domestic ones, CBDCs could facilitate faster and more efficient international payments by offering lower transaction and storage costs—and more transparent, secure, and resilient payment solutions.
With over 150-years of cumulative traditional payment rails experience from leading global financial institutions, WadzPay is well positioned to provide modern infrastructure to support wholesale and retail central bank digital currency (CBDC) and stablecoin solutions for central banks, financial service providers, payment processors, and their merchant network ecosystems worldwide.
Please note that the availability of the products and services on WadzPay's website is subject to jurisdictional limitations.
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