Developing the payments of tomorrow

Embracing emerging payment innovations and digital currencies.

What are Central Bank Digital Currencies?

Central Bank Digital Currency (CBDC) is a new form of money issued by a central bank directly to its citizens, and aims to provide users with a seamless, secure payment experience.

CBDCs are being developed all around the world, with Asia Pacific at the forefront of innovation.

90 %

of central banks are now exploring CBDCs¹

60 %

of central banks are now conducting pilots or proof of concepts¹

Visa’s key areas of focus

As a world leader in digital payments, we recognise that we have a responsibility to lead and contribute to discussions shaping the digital currency space. Visa is focused on working closely with key stakeholders, such as policy makers and central banks around the world, to help shape the ongoing dialogue. Together, we work to understand how to make digital currencies safer, more useful and applicable for everyday payments.

Behind the scenes, our research and development team has been exploring blockchain technology for several years and their work has yielded several promising innovations.

Our research is focused on developing cutting-edge standards for digital currencies

Security

Develop advanced cryptography to enhance payment security.

Offline capability

Exploring offline capability for payment systems.

Scalability

Build resilient digital currency payment technologies that can be scaled across the world.

Interoperability

Develop global interoperable standards to facilitate payment between various digital currency networks.

Auditability

Develop standards for fraud detection and management.

Privacy

Develop consumer protection and data privacy standards.

Additional resources

CBDCs in Asia Pacific

How central bank digital currency could reshape Asia Pacific Economies.

Universal Payment Channels (UPC) Research Paper

Exploring the development of an interoperable platform for digital currencies.

The Art of Public Money

Policy considerations for central bank digital currencies.

Offline transactions with CBDCs

Finding a secure solution for offline use of central bank digital currencies.

Offline Payment System (OPS) for CBDCs

Technical paper that explores the feasibility of an offline payment system for CBDCs.

Contact our Visa Government Solutions Team

To find out more on how we can help support your needs, send us an email.

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CBDC

Envisioning a future of central bank digital currencies blogpost

Digital Currencies in Asia Pacific

Source: ¹ Bank of International Settlements Central Bank Survey on CBDCs