1、The New Silk Road SeriesNEXT-GEN PAYMENT AS SUPERCHARGERAdel AlfalasiBen Simpfendorfer Oliver Wyman2The New Silk Road:Next-Gen Payment As SuperchargerThe New Silk Road is now a source of innovation and disruption in the emerging payment solutions space.The New Silk Road:Next-Gen Payment As Superchar
2、ger Oliver Wyman3EXECUTIVE SUMMARYThe New Silk Road could be a driver of digital payment solutions,as the region seeks to improve the cost and efficiency of transacting across more than 50 countries that are home to 62%of the worlds population.Progress to this end is important to the regions growth.
3、We see the regions rising intra-regional trade,cross-border mobility,and geopolitics as forces for change,so long as the region continues to integrate.The New Silk Road is also an innovator in many areas,such as cross-border fast payment networks.This report recognizes there are multiple pathways to
4、 improving digital payment solutions,and that the challenges are not small.However,the New Silk Road is already making progress in this area,and the implications for global payment systems and the US Dollar(USD)could be profound.We see four areas of exciting opportunity:Cross-border fast payment con
5、nectivitySoutheast Asia is driving connectivity between retail fast payment networks,and we see opportunities for other regions to participate.Enhanced solutions by banks and payment service providers(PSPs)Leading financial institutions are already delivering improvements in wholesale multi-currency
6、 cross-border settlement.Chinas bilateral flows and the Chinese YuanChina is the largest export partner for over half of the countries in the New Silk Road and is trying to grow the volume of CNY settlement.Digital payment solutions will play a role.Connecting the Silk Road with central bank digital