Digital Public Infrastructure and Digital Financial Services: Convergence, Landscape and Regulatory Considerations

<div> This inaugural report examines how the convergence of digital public infrastructure (DPI) and digital financial services (DFS) is transforming the financial services sector worldwide. It explores the convergence through the lens of regulatory authorities’ perspective, focusing on how core DPI components – digital identity, real-time payments and consent-based data sharing frameworks – could impact regulatory objectives such as financial inclusion, market integrity, competition and financial stability. </div> <div> <br> </div> <div> Produced by the Cambridge Centre for Alternative Finance (CCAF) with the support of the UK Foreign, Commonwealth &amp; Development Office (FCDO), this report offers vital insights for regulators, policymakers and other ecosystem actors seeking to understand the implications of DPI adoption and integration into financial markets. </div>