12may2:00 pm3:30 pmCentral Bank Digital Currencies: Implications for Payments
University of Strathclyde and FinTech Scotland are delighted to host a series of RegTech events sharing real-world insights. Our
Our fifth Regtech Alliance event, hosted jointly with the Global Policy House, follows up from our third event on Central Bank Digital Currencies (CBDCs). CBDC is a form of electronic money issued by a central bank that can be used by households and businesses to make payments. The launch of central bank digital currencies (CBDCs) will necessitate the development of a new payments rail. This could be set up by the central bank (Sweden) or could be outsourced by the central bank to the private sector to develop. This will very likely lead to innovative business models for payments. The first CBDC to launch, the Bahamian Sand Dollar, is using a technology platform, Island Pay, in partnership to Mastercard to roll out a prepaid card for the Sand Dollar.
We are delighted to have Myles Stephenson, CEO of Modulr, a leading payments innovator and Adeshina Adewumi co-founder of One Kiosk Africa to discuss how these models might evolve.
Introduction: Devraj Basu, Strathclyde Business School
- Myles Stephenson, CEO, Modulr
- Adeshina Adewumi, CEO One Kiosk
Presentations will be followed by a Q & A
Myles is currently the Chief Executive of Modulr, a payments platform for businesses that need reliable, fast and manageable payments. Modulr has direct participation in the Faster Payments Service (FPS), allowing Modulr to hold an account at the Bank of England. Myles is an Experienced Payments Executive & Entrepreneur and also founded CorporatePay in 2008 with Blenheim Chalcot which grew rapidly to be a leading provider of commercial prepaid solutions.
Adeshina is the CEO/Co-founder for One Kiosk Africa; an online retail platform leveraging technology to connect small and medium scale retailers, supermarkets and farmers to customers. One Kiosk leverages its channels to bridge the access to market gap as well as access to finance gaps associated to small retail businesses in Nigeria and hopefully Africa.
(Wednesday) 2:00 pm - 3:30 pm BST
University of Strathclyde 16 Richmond St, Glasgow G1 1XQ