155 views
Photo by Rodion Kutsaiev via Unsplash.

Value of CBDC payments to reach $213b annually by 2030: study

Adoption will be driven by governments boosting financial inclusion.

The value of global payments via central bank digital currencies (CBDC) is estimated to reach $213b annually by 2030, according to a study by Juniper Research.

A CBDC is a digital coin issued by a central bank, pegged to the country’s fiat currency.

Adoption will reportedly be driven by governments making use of CBDCs to boost financial inclusion and control digital payments, Juniper Research said.

ALSO READ: MAS launches Ubin+ to study cross-border FX settlement using CBDCs

“CBDCs will improve access to digital payments, particularly in emerging economies; where mobile penetration is significantly higher than banking penetration,” the digital market research company said in a report.

As of 2023, Juniper Research estimated that the value of CBDC payments will equal $100m, with 100% of the value being used for domestic payments.

“Whilst cross-border payments currently have high costs and slow transaction speeds, this area is not the focus of CBDC development,” said Nick Maynard, author of the Juniper Research report. “As CBDC adoption will be very country specific, it will be incumbent on cross-border payment networks to link schemes together; allowing the wider payments industry to benefit from CBDCs.”

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!