Amidst the decline of cash usage, the need for households to retain the ability to pay with central bank money in an increasingly digital society is of paramount importance, states Tuomas Välimäki, a member of both the Board of Finland's Central Bank (Suomen Pankki) and the European Central Bank's Council (EKP).
Actively spearheading the development of new payment methods, Suomen Pankki has identified two prevailing themes shaping the future of transactions: the harnessing of digital technology and the move towards real-time settlements.