Jamaican newspaper Press Sentinel reports that the digital banking industry leader has succeeded and that much of its global R&D operations will be successful this year.

The Bank of Jamaica announced that it had completed its bank's mid-range digital reader by the end of 2021. And a major national pilot project is expected to launch in the first three months of this year.

As for the world, some industries view 2022 as a critical period for the digital banking R&D industry, and the overall R&D pattern has grown rapidly. According to market analysts, digital banking may lead to many new developments this year. First, the intermediary bank, which was previously based on a proof of concept or level action plan, is ready and will begin operations this year. Second, some digital banking companies that took the demo. It can also guide you through one-step test results and open multiple test cases.

Jamaica wants to launch a broader campaign.

Previously, on August 29, 2021, the Central Bank of Jamaica announced at its meeting that it planned to announce a total of $230 million in central bank digital currency for distribution to banks. Deposits and payment providers agreed. A (authorized payment service provider). Two months later, the National Central Bank announced the bank would average $5 million to Jamaica National Commercial Bank ("NCB"), the operator of digital wallets.

At this stage of the pilot, the single wallet operator, NCB, will be responsible for distributing digital banking funds to vendors involved in the pilot. Of these, 53 consumers were aware of the changes in 37 digital wallets. In addition, during the "Land Market" event available in the country, the above-mentioned users made payment to four small vendors: handicrafts, shoe design and clothing stores.

The National Bank of China has said in the past that the benefits of digital banking for the public, businesses and government are to enhance financial integration by providing better and safer payment methods. On their own, central bank digital currencies help improve cash flow management.

"National pilot tests will be launched in the first quarter of 2022." Meanwhile, after passing another simulation, two digital wallet service providers have teamed up to take responsibility for the digital distribution of the CBN and the central bank, and measure the interactions between the markets of various digital applications. wallet.

Some markets will start testing this year.

Currently, the research and development of central bank digital currencies in each country is different. Among them, the companies that declared digital banking are mostly small businesses in the Caribbean region (small retailers in the research and development of digital banking (developed countries are at the forefront), and some work represented by the renminbi has also begun Partial demonstration (year-end report) digital The digital yuan market volume has exceeded 60 billion yuan, and smart contracts may be the key to development). By 2022, some of the declining countries will see this year as a milestone in their R&D agenda.

Japan's financial institutions plan to launch a small-scale experiment in April 2022 after passing the first proof-of-concept stage. It will be the leader in digital banking in 2022 and financial institutions in Thailand have previously announced plans to open a digital banking institution to the public by the end of this year. .

According to the plans announced by the Korean company, the first phase (August to December 2021) consists of studying the potential of digital broadcasting in experimental environments such as advertising, distribution and renewal, then the second phase (2022) during a half hour. year) digital gain offline payment, start buying digital assets, border crossing payment and other experimental work.

As the white paper on the research and development of the digital ruble has already been reported by the Central Bank of Russia, the experiment will take place in Russia in the first quarter of this year, with the first stage being divided into two stages to be completed. The links between banks and other lenders and the Ministry of Finance The links between financial institutions and offline declarations support the exchange of digital withdrawals and currencies and decided to open a digital wallet for non-residents.