Concept:The Fintech Note series titled "Growing Retail Digital Payments" is released by the International Monetary Fund (IMF).
Explanation:The IMF publishes the Fintech Note series to analyse how digital innovations reshape the global financial system and affect macroeconomic stability.
The specific note, "Growing Retail Digital Payments," was released in October
2024.
It focuses on the rapid adoption of digital payment methods by consumers and merchants worldwide.
The report identifies Instant Payment Systems (IPS) and Digital Wallets as key drivers of financial modernization.
It cites India's UPI and Brazil's Pix as global leaders in this field.
The report states that retail digital payments have evolved from a mere convenience into Critical Public Infrastructure.
This evolution demands strong oversight by central banks.
Digital payments improve financial inclusion and lower transaction costs.
However, they also create risks related to operational resilience, cybersecurity, and market concentration.
Other organizations, such as the World Bank, BIS, and OECD, do not issue this Fintech Note series.
Answer:The correct option is B. IMF (International Monetary Fund).