Programme

THE CASHLESS SOCIETY TO DELIVER IMPROVED ECONOMIC EFFICIENCY AND TRANSPARENCY

Spurring Growth While Mitigating Risks
Arena
Pavilion 4, Conference Hall 4.1


Despite the rapid penetration of banking services and non-cash payments into society, many emerging economies, including Russia, continue to be ‘cash countries’. However, the development of cashless payments improves the transparency of the economy, reduces the cost of business transactions, and increases competition in banking services. How can regulators, payment systems, and banks better work together to reduce the share of cash in circulation and increase card and digital transactions? What can be done to motivate customers to use non-cash payments more widely and thereby accelerate the movement to a ‘cashless society’?


Moderator:
Simon Nixon , Chief European Commentator, The Wall Street Journal

Panellists
Stefan Dab , Senior Partner, Managing Director, The Boston Consulting Group, Brussels
Christian Kothe , Head of Central & Eastern Europe, SWIFT
Marc Luet , Country Officer, Russia, Division Head, Russia, Ukraine and Kazakhstan, Citi
Alexei Moiseev , Deputy Finance Minister of the Russian Federation
Victor Orlovsky , ‎Managing Partner, MoneyTime Ventures
Dmitry Strashnov , General Director, Russian Post


Kishan Pandey , Deputy Chief Executive Officer, Chief Risk Officer, Russian Direct Investment Fund (RDIF)
Roman Prokhorov , Deputy Director, National Payment System Department, Central Bank of the Russian Federation

Broadcast

Key moments

"There needs to be a major educational effort before we can move to a cashless system".
Christian Kothe