What factors affect the outcome of a digital money initiative?
Source: Citi-Imperial Digital Money Readiness Index.
Materially Ready
Finland
Sweden
Norway
Singapore
Netherlands
United Kingdom
Switzerland
Denmark
New Zealand
Germany
Austria
Hong Kong
United States
Canada
Australia
Ireland
Belgium
Japan
France
Qatar
In-transition
South Korea
UAE
Israel
Portugal
Spain
Malaysia
Chile
Czech Republic
Saudi Arabia
Slovenia
South Africa
Poland
Hungary
Panama
Croatia
Italy
Turkey
Costa Rica
Brazil
Kuwait
Emerging
Greece
Thailand
Sri Lanka
Mexico
Philippines
India
Trinidad & Tobago
Jamaica
China
Romania
Kazakhstan
Indonesia
Botswana
Colombia
Namibia
Morocco
Peru
Ghana
Guatemala
Kenya
Incipient
Russia
Tunisia
El Salvador
Mongolia
Dominican Republic
Ukraine
Senegal
Zambia
Egypt
Honduras
Pakistan
Argentina
Tanzania
Nigeria
Vietnam
Cote D’Ivoire
Uganda
Mali
Bangladesh
Iran
Cameroon
Mozambique
Gabon
Nepal
Burkina Faso
Venezuela
Ethiopia
Algeria
Angola
Chad
0.0
-0.5
1.5
-1.0
1.0
-1.5
-2.0
0.5
INDEX
Deviations from baseline
Deviations from baseline
0.0
-0.5
1.5
-1.0
1.0
-1.5
-2.0
0.5
Drive
Improve ease of doing business
(e.g. secure property rights,
market-friendly business norms).
Educate consumers on benefits,
provide incentives for adoption.
Implement government and
corporate digital money
solutions as accelerators.
Enable
Build enabling ICT and
payments infrastructure.
Address availability and affordability
of basic financial services.
Address regulatory gaps.
Foster
Facilitate market innovation and
investment towards innovative and
ubiquitous digital money solutions.
Focus on fostering a favorable
regulatory, business, and
innovation environment to
capitalize on consumer and
business propenstity to adopt.