Emerging Payments Association Asia announces new work group to encourage the adoption of quantum-safe cryptography in the banking industry

New work group will support a roadmap for quantum-safe cryptography adoption across the payments and banking landscape. The Work Group plans to publish its first set of findings in time for Sibos in October 2024.

The Emerging Payments Association Asia (EPAA) announced the formation of a Work Group on Quantum-Safe Cryptography (WG-QSC) across ASEAN, with IBM, HSBC, AP+ and PayPal as founding members. The group aims to study policy, regulation, and operator business processes to recommend steps toward implementing quantum-safe cryptography to enhance the protection of payment rails and processes in anticipation of advanced quantum computing that will be able to compromise existing cryptography.

More details here