Global Trends in Payments: New Opportunities and New Solutions
Payments have always been one of the most dynamic segments of the financial market. Current technological trends, such as generative artificial intelligence, national digital currencies, open APIs, and interoperability technologies, are actively being implemented and transforming the payments industry. At the same time, the current and future expectations of all categories of payment service consumers, including individuals, businesses, and the state, remain a primary focus. Leveraging the capabilities of new technologies to meet the needs of their clients as effectively as possible is the key to success in the modern payments business. According to international experts, the key payment trends for 2024 include the spread of instant payments for both retail clients and businesses, the growth in the use of new payment instruments, the development of central bank digital currencies (CBDCs) and tokenization, and the transformation of the monopolistic international payment and settlement infrastructure, among others.
What trends will be prioritized? How will the payment infrastructure for domestic and cross-border transactions develop? What new opportunities will arise for individuals, businesses, and the state as a result of their implementation?
Moderator
Olga Skorobogatova,
First Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)
Panellists
Konstantin Basmanov,
Vice-Chairman, Promsvyazbank
Dmitry Dubynin,
Chief Executive Officer, National Payment Card System
Ilya Ivaninskiy,
Partner, Yakov & Partners
Vladislav Povolotsky,
General Director, Center for Biometric Technologies
Kirill Tsarev,
First Deputy Chairman of the Board, Sberbank
Sergey Shvetsov,
Chairman of the Supervisory Board, Moscow Exchange Supervisory Board