The Central Bank of the Dominican Republic hosted a delegation from the Tony Blair Institute (TBI) and representatives of the Vice Presidency to review progress on the bank’s strategic digital initiatives and identify potential areas of joint work to support the country’s national digital transformation agenda. Discussions covered the country’s technological priorities, challenges and opportunities, including modernization of public-sector digital systems. The central bank highlighted its upgraded cybersecurity capabilities and an agile, secure payments system developed with World Bank advisory support, alongside broader technology infrastructure upgrades aligned with legal requirements and Monetary Board directives. The bank also signalled an upcoming tender to implement a new retail payments platform operating 24/7/365, designed to credit accounts in under 10 seconds, support multiple payment options and access channels, and provide immediate funds confirmation. For financial inclusion context, it reported 6,169 registered banking subagents with transaction volumes exceeding DOP 33bn.
Central Bank of the Dominican Republic 2025-07-03
Central Bank of the Dominican Republic meets Tony Blair Institute to explore cooperation and prepares tender for 24/7 retail payments platform
The Central Bank of the Dominican Republic, with the Tony Blair Institute and the Vice Presidency, reviewed strategic digital initiatives for national digital transformation. Key developments include enhanced cybersecurity, an agile payments system with World Bank support, and plans for a 24/7 retail payments platform. The bank reported significant financial inclusion progress with over 6,169 banking subagents and transaction volumes exceeding DOP 33 billion.