DNB Executive Board member advocates resilient payment future

De Nederlandsche Bank (DNB) has launched its 2026–2028 Payment Strategy, centered on building a resilient, secure, and accessible payment system.

This involves reducing reliance on non-European players in critical payment chains and fostering European digital payment options that operate across the euro area.

A key tenet is ensuring public money, both cash and a future digital euro, remains universally available, reliable, and affordable.

Resilience is paramount, with cash serving as a vital fallback during digital system outages.

The DNB emphasizes safeguarding a minimum cash infrastructure, noting that physical cash is critical for societal function in such events.

This focus extends to the European dimension, where over-reliance on global tech firms creates vulnerabilities, making stronger European payment solutions essential for autonomy.

Innovation forms another key pillar of the DNB's strategy, aiming to embrace new technologies while ensuring payments remain secure and accessible.

Understanding what drives public trust in new digital solutions, such as the digital euro, is crucial.

Research presented at the conference, including discrete choice experiments, aims to gauge user preferences and needs.

Concurrently, the strategy emphasizes payment literacy and fraud prevention to foster a trustworthy payments landscape.

As digital payments accelerate, fraud tactics like phishing and deepfakes evolve, making prevention more challenging and reversal difficult.

The DNB stresses that innovation must not outrun security, ensuring trust is maintained.