Banque Nationale De Belgique Sa · EURONEXT:BNB
Banque Nationale De Belgique Sa — Oesterreichische Nationalbank (OeNB) — presentations petia niederlander
11 slides from Banque Nationale De Belgique Sa's investor presentation, Sep 7, 2023
Slide 1: Digital Euro: Challenges and Key Success Factors
Digital Euro: Challanges and Key Success Factors A Digital Euro for the Digital Era Brussels, 7 Septemer 2023 Petia Niederländer, Director Payments, Risk Management and Financial Literacy www.oenb.at www.oenb.at oenb.info@oenb.at
Slide 2: Majority of central banks are working on CBDCs
Majority of central banks are working on CBDCs More than 90% of central banks are exploring CBDCs More than half of central banks are developing CBDCs or running concrete experiments More than two thirds of central banks are considering it likely or might possibly issue a retail CBDC in the short or
Slide 3: Reasons behind are resilience, innovation and inclusion
Reasons behind are resilience, innovation and inclusion Digital payments for everybody, anytime and anywhere: enhancing resilience of the payments system and securing access to payments for all citizens no matter where and when Promoting innovation: building public standards for interoperability and
Slide 4: Adoption of rCBDCs will depend on design and incentives
But adoption of rCBDCs will depend on design and ability to create incentives for citizens, businesses and intermediaries • Desirability (incentives for citizens): Broad acceptance - legal tender - of rCBDC and cost free usage for citizens can create a choice and incentive to use it, in particularly
Slide 5: ECB focus group study confirms need for widespread adoption and cost-effectiveness
ECB focus group study confirms the need for widespread adoption and cost- effectiveness, but also significant shift in young people's preferences • Younger people more likely to try new technology • The uptake of the digital wallet depends on how it will be introduced and the role banks will play in
Slide 6: OeNB conducted a lead users survey to identify user needs
OeNB conducted a lead users survey to identify the needs of lead users (mostly young citizens with stronger tech savviness) Phase I: Search Develop first concept of widely used Field Definition payment means from 2027 onwards Phase II: Trend & 115 user interviews, 10 countries Need Identification 48
Slide 7: Desirability among lead users depends on addressing privacy and data concerns
Besides of broad acceptance, desirability among lead users tends to depend on how well privacy and data concerns are addressed 1. Privacy & data concerns high 15 2. Universal transmission 1 2 3. Integration into daily life habits 14 4. Instant payment 8 3 9 5 10 4 5. Financial inclusion 12 6. Transa
Slide 8: Digital euro could create a standard for privacy and security of customer data
Digital euro could create a standard for privacy and security of customer data for payment transactions Trend #1: Lowering Data & Privacy Concerns • Gamification: application of game elements and Description mechanics to non-game contexts to engage individuals Users are increasingly worried about to
Slide 9: Major supply-side issues such as compensation model and coordination cost
Major supply sided issues such as compensation model and coordination cost have to be addressed as well Lessons learned from the recent payments initiatives* confirm that reach (legal tender), low cost and convenience are the most important success factors to launch a new payments product for the de
Slide 10: Success factors for the adoption of the digital euro
Success factors for the adoption of the digital euro are alignment of public objectives, future expectations of the citizens and private sector incentives Communication and engagement with all stakeholders (common scheme rule-book) Design (and pilot) of effective market incentives Education of citiz
Slide 11: Thank you for your attention
Danke für Ihre Aufmerksamkeit Thank you for your attention www.oenb.at oenb.info@oenb.at @nationalbank_oesterreich @nationalbankoesterreich Oesterreichische Nationalbank @oenb OeNB
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