G+D Wins CBDC Award, Takes on Banknote Collection

The Monetary Authority of Singapore (MAS) has announced Giesecke+Devrient (G+D) as one of the three winners of its Global CBDC Challenge, concluding the first phase of MAS’ study to explore possible retail CBDC solutions.

The award was made for G+D´s Filia solution, a means of payment that can be universally used and is described as truly inclusive, enabling participation in the digital economy even without a smartphone or a bank account.

It is the third such recent accolade for G+D's digital currency solutions, following awards from the Bank of Thailand and Bank of Ghana.

One of the other winners was the Consensys CBDCgo solution, in association with Visa, which allows users to spend CBDCs without needing to change their payment or acceptance network.