Come up to speed quickly on advanced payments
There are four major trends in today’s global payments industry. The card system is going digital. Bank transfers systems are moving to real-time clearing and settlement. Traditional payments made in cash (bills and coins) are being augmented with payments made using digital currencies. And the global payments landscape is shrinking and becoming more interconnected. This workshop looks beyond the Payments Boot Camp to explore leading edge topics in digital payments, fast payments, digital currency, and global payments. In digital payments we’ll look at the tradeoffs between NFC and QR Codes, EMVCo tokenization, and the rise of the Super App. In Fast Payments we’ll move beyond the basics to explore the rise of overlay services and Request to Pay (RTP). We’ll look at Fast Payments in the US, supplemented with a Spotlight module on the success of the Pix system in Brazil. Our discussion of digital currencies will look at the state-of-play in both stablecoins and central bank digital currencies, as well as the strategies of the various incumbents in the payments industry. The workshop finishes with a detailed look at important domestic success stories around the world, the surprising uptake of the SWIFT gpi service, and the global movement towards interconnected Fast Payments systems.