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My concluding blog on trends focuses on the ongoing payment trends, those that are already strongly established and which will continue in 2018.
Many of these trends are indicative of positive network effects – the more transactions in a network, the more investment is made in new capabilities and new ways to pay in the network, drawing more users in to make and to accept payments, leading to more
transactions and so on.
Consequently, it is again the consumer, and corporates, who benefit – from the immediate fulfillment enabled by real-time payments, from the convenience of using mobiles and from the greater choice and trade opportunities with cross-border ecommerce.
However, the flip-side of these benefits is the reduction in cash usage, a negative network effect where those who rely on cash increasingly find it difficult to do so. That is a subject of a future blog.
VP of EU Strategic Accounts
A Payments Fintech
This post is from a series of posts in the group:
A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.