The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

Review of developments in payment systems 2010: Future of payment systems

Over the next decade more outdated payment systems, particularly in SEPA, will be terminated, mobile phones will become increasingly important for initiating, authorizing and making payments, and will also be used by governments to deliver welfare benefits to the excluded and unbanked, and the new PSD infrastructure in Europe plus pressure from government and regulatory authorities will make it easier and more cost-effective for new payment services to be delivered by combinations of non-banks.

Major developments in payment systems lie ahead. Dave Birch from Consult Hyperion in the UK says, "I can detect a growing mood in favour of a return to community-based banking and other financial services, a return to a kind of social enterprise.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree