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Future of payments

Future of payments

The payments landscape has gone through significant transformation in recent years. Technological advancements has led to increasing of innovation, with payments becoming faster, on both a local and global scale, easier and more convenient.

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John Hallsworth

Partner

KPMG in the UK

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The Future of Payments: Introduction from John Hallsworth, Head of Open Banking:

"The payments landscape has gone through significant transformation in recent years. Technological advancements have led to step changes in innovation, with payments becoming faster, on both a local and global scale, easier and more convenient. Non-traditional players coming into the market, from Big Tech firms to car manufacturers, are bringing new applications and innovation into the payments ecosystem with payments embedded in the real world economy like never before. 

This has not gone unnoticed by the regulators who are now looking into how regulation needs to adapt to meet these changes. As business and customer needs evolve, it is clear that the global payments ecosystem must be agile and open to innovation without sacrificing the financial stability the infrastructure is built on."

John Hallsworth and several global payments experts share their views on the future of the payments industry. 

Read our report, "10 predictions for the future of payments" to know more.

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