Programme

THE FUTURE OF THE ELECTRONIC WALLET AND THE MODERNIZATION OF GLOBAL PAYMENT PLATFORMS

Disruptors: Trends and Technologies
Panel Session
Mercedes Bar

From retail payments via mobile devices to national payment systems, the way in which we spend our money is changing rapidly. How are innovations in payment methods being married with independent settlement platforms to offer new payment, digital currencies and transaction platforms? What might this mean for businesses and consumers? What are the risks and opportunities for enhanced security as innovations in payment platforms take effect?

Moderator:
Mark Spelman , Member of the Board, Future Cities Catapult

Panellists
Kjell-Morten Johnsen , Chief Executive Officer, VimpelCom Russia (Beeline)
Vladimir Komlev , General Director, JSC National System of Payment Cards
David La Rose , General Manager Central and Eastern Europe, IBM
Vasyl Latsanych , Vice President for Strategy and Marketing, Member of the Management Board, MTS
Victor Orlovsky , ‎Managing Partner, MoneyTime Ventures
Kamran Siddiqi , Group Executive for Central and Eastern Europe, Middle East and Africa, Visa Inc.
Oleg Firer , Chief Executive Officer, Net Element Inc
David Yang , Founder, Chairman of the Board, ABBYY

Broadcast

Key moments

Security and trust are absolutely the foundations for payment systems. Security needs to be part of the innovation process from the very beginning.
Kamran Siddiqi
Banking won’t disappear. The technology will change but, in general, relations will remain the same.
Vladimir Komlev
Today, we are witnessing the next technological revolution. This revolution is the mixing of online and offline processes.
David Yang
I can predict that, over the next 10 years, at least one country will stop printing money in the form of banknotes and will move to cash in the form of an electronic wallet.
Victor Orlovsky
The penetration rate of electronic payments is enormous. If plastic cards took decades to penetrate retail trade, then the speed of penetration by electronic payments can be calculated in years.
David Yang