The CNMP’s roadmap
Created in 2022, the Comité National des Moyens de Paiement (CNMP – National Payments Committee) will initially build on the guidelines defined by the two committees it has replaced: the second national strategy for cashless payment instruments (2019-24), and the national cash management policy drawn up since 2019 within the framework of the Comité de Pilotage de la Filière Fiduciaire (CP2F – Steering Committee for the Cash Industry). In 2024, a new unified strategy will formally converge the work carried out by the two sectors.
National cash management policy
The CNMP also draws on the work and guidelines of its predecessor, the CP2F. Drafted in 2019, the national cash management policy is based on broad consultation with the main stakeholders. The Banque de France is responsible for steering this consultation process, in conjunction with the French Treasury and the French Banking Federation. The national cash management policy identifies a set of measurable actions to be carried out by all industry players, and groups them together into five key axes:
1. Guaranteeing the acceptability of cash as a means of payment
2. Monitoring the accessibility of cash: since 2019, the Banque de France has drawn up an annual report on the coverage of French territory by cash dispensers
3. Guaranteeing the quality of cash in circulation across France by limiting the flow of counterfeits and controlling the activities of those involved in the industry
4. Guaranteeing the robustness and resilience of the industry in the event of a serious natural, political or financial crisis
5. Ensuring the efficiency of the cash industry by limiting the rise in the unit cost of cash management, which is linked to the fall in the volumes processed in a fixed-cost industry, but also by reducing the environmental footprint of the banknote life cycle
National strategy for cashless payment instruments
As a successor to the CNPS, the CNMP is committed to continuing the work initiatied by the CNPS, and in particular the national strategy for cashless payment instruments for the period 2019-24, which aims to respond to current challenges in terms of:
1. security, due to the proliferation of innovative but sometimes immature technologies
2. independence vis-à-vis new players – such as GAFA and BATX – which are increasingly involved in the payments market
3. convergence, given the risks of fragmentation of the post-SEPA European market due to the emergence of non-harmonised solutions
The 2019-24 strategy is the result of a broad consultation process coordinated by the CNPS and involving all market players. The full document has been published in French (February 2019) and English (March 2019).