G+D Filia® Building a truly inclusive public digital currency

As digital forms of payment continue to grow in number and popularity, we believe that there is a need for a government-backed digital currency that is safe, secure, and trusted. A central bank digital currency is a digital version of physical cash. Issued by a central bank, it is pegged to a local currency and made available to everyone, anywhere and anytime. It has the same characteristics as cash, but digital. That means it can be used for payments in stores and online, and can be easily sent to friends and family. But beyond that, and equally important, CBDC fosters digital financial inclusion and serves as a bedrock for further innovation.
G+D Filia® is a token-based CBDC resembling cash enhanced with smart features. It has been designed from the very beginning to allow for consecutive offline payments and can be used through smartphones, smart cards, and other forms of digital and hardware wallets without the need for a bank account, the disclosure of private data, or consumer fees. This helps central banks fulfill their mandate of issuing a digital form of legal tender that can be used independently while guaranteeing widespread benefits for both businesses and the general public.
Learn more about G+D Filia® from our Director of Product Management CBDC, Teresa Riedl, and Business Development Manager CBDC, Polly Baeumler, and as they address how a thoughtfully designed CBDC can support the process of greater financial inclusion as part of the G20 TechSprint 2022 submission proposal.
Under Indonesia’s G20 Presidency, Bank Indonesia (BI), together with the Bank for International Settlements Innovation Hub (BISIH), launched a G20 TechSprint to solicit innovative global technological solutions to catalyse developments in wholesale and retail Central Bank Digital Currencies (CBDCs).
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