Indra, one of the world’s leading technology and consultancy firms, and eCurrency Mint Limited (“eCurrency”), the central bank’s state-of-the-art digital currency company (CBDC), announced an alliance to deliver end-to-end digital currency. solutions for central banks.
eCurrency and Minsait Payments, the payment methods subsidiary of Minsait, an Indra company, have partnered to deliver solutions and services to drive the growth of CBDCs and their ecosystems in multiple geographic regions.
Central banks around the world are studying and testing digital currencies for multiple purposes, such as financial stability and inclusion and fraud prevention, as well as greater efficiency and modernization of the monetary system. A central bank-issued digital currency that has the characteristics of a physical currency guarantees the general public the same level of trust and access. The partnership between eCurrency and Minsait Payments will actively support the process and offer end-to-end solutions in this area, ranging from analysis to the implementation and deployment of CBDCs with all their security mechanisms, leveraging on the two companies’ historic engagement with central banks and regulators.
eCurrency pioneered the world’s first retail CBDC solution to enable central banks to issue secure digital bearer instruments using Digital Symmetric Core Currency Cryptography (DSC3) technology and supporting distribution to multiple levels in existing banking and financial technology ecosystems. eCurrency has done extensive work with central banks and international organizations.
“We are delighted to have formed this partnership with Indra to provide an end-to-end solution and achieve true financial inclusion,” said Jonathan Dharmapalan, Managing Director of eCurrency.
Minsait Payments is a market leader in payment methods and has a track record of constant growth, providing innovative digital payment processing and solutions. It provides long-established digital technology and services and has a wide range of capabilities including tokenization and expertise in payments, cybersecurity and services and products for the financial services industry, including central banks and regulators. In addition, through the Indra Group, he has developed an extensive global network of resources engaged with financial institutions to support business transformation in the digital environment, while also being well positioned to support the evolution of the payments ecosystem that will be activated. through the establishment of CBDC.
“We are proud to have partnered with eCurrency, the leading provider of technology platforms for the CBDC market. Through our association with eCurrency, we will enhance the commercially available solution that will digitize the properties of cash, ”said lvaro de Salas, director of strategy and innovation for financial services at Minsait.