The Bank of Korea is hosting an international conference to discuss innovations and policy challenges in payment infrastructure for the digital finance era.
According to the Bank of Korea, the '2026 Payment System Conference' will take place today at 2 p.m. under the theme 'Innovations and Policy Challenges in Payment Infrastructure for the Digital Finance Era.' Experts from the Bank of England, the Central Bank of Brazil, and other international payment-related institutions will participate.
The conference will consist of three sessions focusing on the future of payment services in response to asset tokenization, trends in improving cross-border payments, and innovations and future challenges in small payment systems.
In the first session, Andrey Pustelnikov, a team leader from the Bank of England, will present innovative cases of payment system advancements aimed at facilitating tokenized asset transactions. The Bank of England is piloting a 'synchronized payment' method that links its existing central bank payment system with external asset platforms to simultaneously process asset transfers and payments.
The second session will feature Andrew McCormack, CEO of Nexus Global Payments (NGP), who will share experiences from the 'Nexus Project,' an initiative aimed at improving cross-border remittances in the ASEAN region. The Nexus Project connects rapid payment systems across countries on a common platform to reduce remittance costs and improve processing speeds.
In the final session, José Vicente Matos Santana, a team leader from the Central Bank of Brazil, will discuss the implementation and operational experiences of Brazil's real-time small payment system, 'Pix.' Pix has become a prominent payment method in Brazil, supporting 24/7 real-time remittances and transaction payments.
The Bank of Korea aims to explore innovative payment cases from major central banks and the private sector through this conference and seek directions for the development of the domestic payment system.
* This article has been translated by AI.
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