The PAYTECH Book

6Blueprint for Change

Executive Summary

You’ve read all about the fascinating world of payments. But what about the future? If you bring together consumers demanding change, regulators enabling competition and technology making change possible, what do you have?

In the last part of The PayTech Book you will hear from some of the leading thinkers in the world of payments. A director of one of the world’s largest banks shares a vision for how the digital world will unfold, what this means for cash and the financially excluded, and how cooperation will allow the payments industry to satisfy consumers’ growing needs for instant, convenient and secure payments. A professor of marketing who founded the Emerging Payments Association explains why some PayTech innovations fail to take off and provides some practical advice for innovators and investors creating the future of our industry.

A FinTech adviser explains why many startups fail to reach their potential and proposes a structured formula for success. An academic focused on emergent technologies, innovation strategies and policy describes the impact digital banking is likely to have on payments market infrastructures. An entrepreneur explains the changing role of money in our lives. He goes on to introduce the concept of programmable money and its adoption in a world of open banking, commonly accepted standards and digital identity ...