Physical cash and commercial bank money are dominant vehicles for retail payments around the world, including in emerging market and developing economies (EMDEs). Yet payments in EMDEs are marked by several key deficiencies, such as lack of universal access to transaction accounts, widespread informality, limited competition, and high costs, particularly for cross-border payments. Digital money seeks to address these deficiencies. This note categorizes...
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INFORMATION
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2022/05/18
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Rapport
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170794
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1
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2022/05/19
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Disclosed
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What Does Digital Money Mean for Emerging Market and Developing Economies