PayEd - Education in Payments

#PayEdPaymentsExpress 4.0 has arrived in Amsterdam Central just in time for Money20/20 #Experientiallearning through sharing knowledge and experience with friends. This year the addition of the #Toastmasters aka #Paymasters from Ireland provided an interesting perspective. Where to next? David Birch Toni Gregory Charles Kerrigan Geoffrey Barraclough Jack Wilson Jeff Banks Nick Cahn Sean Forward Heather Xiao Mairead Stafford John Ryan Marie Walker Rory O'Kane Sagra Clorio Jessel Edward Cahill Yasmine Amani Naren Patel Nilixa Devlukia Rahul Bhargava Mark Swain Scott Patterson Lara Paholski Victoria Richardson Amanda C. Vanessa Ang Hui Xuan Stephen Peters Brett King Cordell Smith Kirsty Rutter Monica Millares 🎙️

Here's an article which talks about street performers suffering in the transition to #cashless, but this article lacks depth around the discussion topic. Cashless has alot of advantages for street performers particularly those who use payment platforms, integrated with social media and online communities. Perhaps live audiences pay less cashless, but that should change over time with more education/experience customers will get better at cashless. Creating an omnichannel spanning physical and online literally opens a new world of fans/customers to performers. Shirina Holmatova in this article seems to be well on her way to becoming an independent international star - she already has over 1.2m in her TikTok community! Cashless also offers better security, analytics and efficiency for performers. The lesson in this article is to think broader about #payments in the cashless world, because there are lots of new opportunities.

🔍 mBridge’s Future and What It Means for Cross-Border Payments Last week at Sibos 2024, Beijing, discussions around cross-border payments platforms were lively, with the Bank for International Settlements – BIS highlighting progress on Project mBridge—an ambitious venture involving central bank digital currencies (CBDCs) with partners across Asia and the Middle East. This week, however, brought news that BIS might exit the project. Describing it as "mature enough" to stand on its own, BIS reiterated mBridge’s role as a public good, poised to streamline cross-border payments through real-time, peer-to-peer CBDC transactions. But questions linger about the timing of this announcement and what it signals for mBridge’s evolution. For those who attended Sibos and engaged with the BIS Innovation Hub on CBDC advancements, this shift raises key questions: How will mBridge continue to evolve without BIS oversight? Will this transition impact the pace and scope of cross-border CBDC adoption? This move is unlikely to.affect the G20 Crossborder Payments project, but it does highlight that future crossborder payments are subject to change. PayEd - Education in Payments #CBDC #CrossBorderPayments #mBridge #DigitalCurrency #BIS

Sibos 2024 end of conference party is a fitting finale to a busy week. John and Rahul had a chance to let their hair down, reflect a bit, and start thinking about #PayEdPaymentsExpress Avivate could look like at SIBOS Frankfurt 2025. Nina Hülsken Paul Nicholas Ashley O'Reilly Mark Swain David Brown Stephen Peters James Lloyd Nilixa Devlukia David Birch Georgia Hanias

Ireland’s newly released National Payments Strategy is a forward-thinking approach to modernize and enhance trust in the payments ecosystem. Some key point highlights: 1️⃣ Strengthening Public Trust: The vision emphasizes a secure, effective payment system, ensuring consumer confidence. 2️⃣ Cash Still Matters: While electronic payments are growing, cash remains vital, especially for those over 65. New legislation aims to maintain fair cash access across Ireland. 3️⃣ Cards & Credit Transfers Lead the Way: Cards are the top payment method by volume, while credit transfers dominate transaction value. However, a new wave of credit transfers signals exciting growth. 4️⃣ Emerging Digital Options: Open Banking and Instant Payments will address Ireland’s gap in direct, account-to-account payments, aligning with Europe’s payment leaders. 5️⃣ Preparing for the Future: The strategy promotes innovation, supporting digital wallets, QR codes, and “pay by account” options to keep pace with evolving needs. Interesting, to not see more about #fraud, #cyber and #scams. Not too surprising given the positioning in Europe to not see mentions about #crossborder payments. Ireland is focused on delivering an inclusive, resilient, and future-ready payments landscape. At PayEd - Education in Payments, we’re excited to watch these developments and help guide businesses through the transformation! #Payments #Innovation #Ireland #OpenBanking #CashlessSociety

The #SEPA topic as well payments in Europe were widely discussed at Sibos 2024, but this article and discussion goes a bit deeper on the topic and provides some good discussion points.

Thanks Karl Zettl. Lovely to have had the opportunity to meetup in Bangkok.

What is Sibos and Why It Matters in the Financial World? We're currently attending Sibos 2024 in Beijing—an incredible gathering of over 8,000 attendees and 1,700+ vendors from across the globe. If you've never been, Sibos is one of the largest and most impactful events in the world of finance and payments. Here’s why it matters: 1. It’s Where Global Financial Leaders Meet: Sibos brings together the senior execs that drive the financial markets and payment technologies. This year, we’ve got the CEOs of major banks like Bill Winters from Standard Chartered and even the CEO of Alibaba attending. Also, key regulators like the Deputy Governor of the European Central Bank are here, underscoring the importance of aligning business with regulatory trends. 2. Focus on Cross-Border Innovation: A major theme this year is the future of G20 cross-border payments. With global transactions becoming more seamless, this is a hotbed for collaboration and innovation that will shape how we move money internationally. 3. The Next Frontier: AI & Digital Assets Artificial Intelligence and digital assets/currencies are at the forefront. From new AI solutions in fraud detection to digital currencies reshaping how we think about money, the discussions here are paving the way for how finance will evolve. 4. It’s a Hub for Major and Emerging Vendors: Whether you're a well-established vendor or an emerging startup, Sibos provides the perfect platform to showcase your solutions. The "Discovery Zone" is full of groundbreaking technologies—many of which will influence the future of banking and payments. It's also a lot about meeting and connecting with new people from different regions and roles. If you're working in payments, financial technology, or any part of the financial ecosystem, Sibos is a must-attend event. The knowledge shared here today is the framework for tomorrow’s innovations. #Sibos2024 #EducationInPayments #FinTech #AI #CrossBorderPayments #DigitalAssets Suite2Go Payments Foundry

🌍 PayEd Payments Express: Tea in Payments Education Session 🍵 Yesterday, we hosted a unique educational session at the Welcome to China--Sibos at the Yuan Yu Tea House in Beijing, blending culture amd education. Attendees from the payments industry gathered for an insightful presentations on China's booming payments landscape (John Ryan) and the future of cross-border instant payment systems(Rahul Bhargava). The event followed the #PayEdPaymentsExpress high speed train experience from Shanghai to Beijing edu-travelling at 370 km/h earlier in the day. China’s rapid digital payments growth has set a global standard for seamless transactions. As we delved into topics like interoperability and the role of digital currencies, the parallels between the world of tea and payments became striking. Much like 5000 year old tea—which crosses borders, creating connections through time and culture—payments too are evolving to bring instant global connections. Just as the tea trade catalyzed cross-cultural exchanges centuries ago, today's cross-border payment systems are driving economic and social interactions globally. A few fascinating parallels: The Silk Road and Payment Networks: As tea traveled along the Silk Road, it symbolized trade and trust, much like payment systems today that thrive on trust and secure infrastructures. Brewed Over Time: Just as tea steeping requires patience for full flavor, building efficient payment systems requires foresight and investment in infrastructure. Variety in Tea, Variety in Payments: From traditional green tea to instant payment systems, both reflect diverse needs and preferences—no one-size-fits-all approach! Grateful to everyone who joined this session and contributed to a vibrant discussion over a shared cup of tea. Looking forward to the next PayEd - Education in Payments #PaymentsExpress session and continuing the conversation around global payment innovation. #TeaInPayments #ChinaPayments #CrossBorderPayments #DigitalPayments #PayEd #Education #Innovation Avivate Stephen Peters May Lam 林希文 Jackie Kallman GAICD Maxim N. Paul Nicholas Laurence White Brian McGlennon

Reserve Bank of Australia Review: A Step Towards Lower Merchant Card Payment Costs? 💳 The Reserve Bank of Australia's recently announced review of merchant card payment costs and surcharging has brought this important topic into focus. In an increasingly #cashless world, as card payments remain a cornerstone of everyday transactions, both merchants and consumers are increasingly feeling the impact of fees and surcharges. With the rising cost of living, this review is a timely chance for stakeholders to share insights that could help shape the future of payments in Australia. For those looking to better understand the complexities of payment fees and how they impact your business or consumer experience, our #101inPayments course at PayEd might be of interest. 📚 This course is designed to break down the key concepts and provide practical knowledge for navigating the evolving payments landscape. 🚀 If you'd like to know more, feel free to reach out! #Payments #Fintech #MerchantCosts #PaymentFees #Surcharging #RBA #EducationinPayments