Venue
TBA
TBA , Almaty, Kazakhstan

What is Qwoted?

Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.

Event Date Mon Oct 3 +06 - Wed Oct 5 +06 (in 8 months)
In your timezone (EST): Sun Oct 2 2:00pm - Tue Oct 4 2:00pm
Location TBA
Almaty, Kazakhstan
Region APAC
Details

This conference is a new initiative aimed at bringing global knowledge and experience to the Central Asian and surrounding regions and markets.

Topics Covered:
• Banknote Design, Specification & Production
• Cash & Payments Trends
• Central Bank Digital Currencies (CBDCs)
• Coin Production & Circulation
• Cross-border Payments – How Frictionless Can They Be?
• Efficiency, Optimization & Automation in Processing & Circulation
• Modernisation of Payments Infrastructure: Lessons Learned
• Sustainability in Cash Production and Distribution
• Universal Access to Payments

The New Silk Road and Why It Matters

The ancient Silk Road famously connected the Roman Empire and China and enabled trade between the two continents, with the name-giving silk, amongst other goods, moving westwards, and gold, silver and other items going east. To what extent trade was based on bartering, and to what extent the silver, gold and perhaps other valuable items were considered payments is perhaps of historical interest; it is clear though that today, payments will have to be a key enabler for the success of a New Silk Road.

Whatever the political motives might be, there is no question that the New Silk Road, or One Belt, One Road, will bring significant infrastructure changes to a vast geographical region. It will bring construction of roads and ports and ultimately enable more cost effective and timely trade between many countries connected to the new infrastructure. For trade to be effective and timely though, and for the businesses and people in those countries to benefit from the economic upswing, the payments infrastructure has to be fit for purpose, too. Fast, affordable and reliable cross-border payments are of course the most obvious area to consider, but these will only provide the full benefit if domestic payment systems are also ready to seamlessly interface with the international rails. Compliance solutions need to align with the new requirements, and even cash very much needs to be considered, be it for the facilitation of smaller cross-border transactions or of course increased domestic use in a region where cash still reigns supreme.

New digital payments, such as PayPal, Alipay or even Diem may provide suitable solutions but may also provide new challenges if they are not properly regulated. Central Bank Digital Currency, if designed and implemented in the right way, can be an enabler for safe, cost effective and frictionless payments. And what are the plans for the eCNY and is it already woven into the very fabric of the New Silk Road? Could a Digital Euro or an eDollar compete with that approach, and what are the critical factors to make sure they can? The payment industry surely has its work cut out.

With all these possibilities and challenges, co-ordination and the exchange of information between Central Banks, regulators and payment professionals will be key to making sure that the payment infrastructure will improve in line with new volumes and requirements.

Who Will Participate:

• Central Banks/Issuing Authorities, Governments, Regulators
• State Printing Works, Commercial Printing Works
• Law Enforcement Agencies, Counterfeit Analysts, Banknote Quality Control Specialists, Fraud & Risk Management Experts, Pre-press, printing, finishing and inspection equipment and Banknote Processing Equipment Manufacturers
• Suppliers of substrates and security features, Suppliers of specialist services for the security printing market
• ATM Equipment/Service Providers, Independent ATM Deployers, Cash Recycler Manufacturers
• Armoured Carriers, Cash-in-Transit (CIT) Companies, Outsourced Cash Processors, Foreign Exchange Companies, Cash Forecasting Software/Service Provider, Automation Specialists
• Payments Agencies/Associations, Regulatory Compliance Specialists
• Secured Packaging Specialists, Theft Prevention Specialists