Definition ∞ A Digital Payments Network is an electronic system that facilitates the transfer of funds or digital value between parties. These networks enable transactions to occur without physical cash, using various digital instruments and protocols. Examples range from traditional credit card networks to modern blockchain-based payment systems.
Context ∞ News about Digital Payments Networks frequently covers their expansion, technological upgrades, and their role in increasing financial inclusion. The rise of cryptocurrencies and central bank digital currencies (CBDCs) introduces new dimensions to these networks, prompting discussions about interoperability, speed, and cost efficiency. Regulatory bodies are also actively reviewing these systems to ensure security and consumer protection.
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