New Payment Technologies

Market Disruption > Capital Markets

New monetary and payment processing systems are transforming how individuals and companies complete financial transactions

Illustrative Disruptions

  • Digital currencies – Emerging currencies enabled by cloud-based platforms and regulated using encryption and electronic ledgers, without need for central authority
  • Online wallets – Applications allowing users to store digital version of bank accounts, debit cards and credit cards, enabling cashless and contactless transactions
  • Money transfers – Services facilitating money transfer to anyone, either locally or internationally, on-demand
  • P2P payments – Platforms providing ability for individuals and smaller companies to accept and make payments to each other via linked bank accounts with mobile devices