Advancing Digital Payments in Bhutan

This publication shows how Bhutan can improve its digital payment ecosystem by upgrading its infrastructure, boosting cybersecurity, and aligning cross-border payment rules to strengthen financial inclusion, promote trade, and transform its economy. It details Bhutan's payments landscape and explores how factors including unreliable connectivity and limited digital literacy are hindering the development of the sector. It shows why coordinating stakeholder action, developing solutions for small business, and stepping up cross-border payment processes can help Bhutan accelerate adoption and increase its participation in global markets. Drawing on case studies from around the world, the report provides recommendations to help strengthen Bhutan's digital ecosystem and advance inclusive, sustainable economic transformation.