Openway Implements CBDC Bank Cards

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Openway Implements CBDC Bank Cards

The Central Asian nation of Kazakhstan is an early adopter of a central bank digital currency (CBDC). Kazakhstan’s central bank expects benefits in using a CBDC for cross-border trade (especially with China), for more efficient deliverance of funds for social services, for fighting corruption and for establishing transparency of government disbursements. It also wishes to expand the global acceptance of its national currency, the Kazakhstani tenge. Payment software specialist Openway, which has operated in Kazakhstan for more than 20 years, recently partnered with three card issuing clien...

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Nilson Report

1266

June 2024

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Merchant Acquirers in the Middle East and Africa

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Openway Implements CBDC Bank Cards

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