Source: Finextra video, David Birch of Digital Money Forum
The Digital Money Forum is an annual event promoting information sharing and debate about electronic money in all its evolving forms. The event is in its tenth year, and organiser David Birch spoke to Finextra about what has changed in that time, and what are the latest issues being debated by banks, card schemes, academics, vendors and mobile phone operators.
This brief interview covers:
• Technology evolution and revolution - and the time it takes for many innovations to become mainstream.
• The importance of mobile phones globally as a channel for managing electronic money and payments.
• The industries coming together to promote technology such as near field communication (NFC) which bring contactless smart cards and mobile devices together.
• What models for co-operation might evolve, and what areas are still missing from the puzzle