O3.10 Enable different levels of privacy between payer and payee

Principle

O3 Ensure data privacy by design

Risk

RS1 Privacy Vulnerability

RS2 Digital insecurity

Life Cycle Stage

L2 Strategy and Design

Practices

• Establish options for asymmetric privacy for payment systems.

• This provides stronger anonymity for the payer and weaker protections for the payee. Thereby, anti-money laundering and fraud prevention mechanisms can be combined with strong privacy protections for citizens, making the system comparable in its privacy standards with cash.

Resources

Case Study

( to come soon..)

References

Better than Cash Alliance (2024). UN Principles for Responsible Digital Payments