MEGA-TRENDS INPAYMENTS - 2012         WHAT TO EXPECT IN THE NORDICS1KRIS HEWITT   | 20-NOV-12 | CAC CARD ACADEMY CONFERENC...
CREDENTIALSpayx.com                             linkedin.com/in/krishewitt WE ARE THE TRUSTED ADVISOR TO THE WORLDS LEADIN...
3 MEGA TRENDS OF 2012    CASH-LESS                    BANKING 3.0                       DATA RUSHA long imagined cashless ...
3 MEGA TRENDS OF 2012    CASH-LESS                    BANKING 3.0                       DATA RUSHA long imagined cashless ...
DIY PSPSSTARTUPS ARE ENTERING THE PAYMENTS MARKET LIKE NEVERBEFORE AS BARRIERS TO ENTRY HAVE EVAPORATED  5
REASONS TO BELIEVEOffers a free credit card reader for the        An API wrapper for bank transfer, which       Mobile app...
WHAT DOES THIS IMPLY?    For the Nordics, we believe this will mean:        1   LAUNCH OF FS OWN BRAND RESPONSES        2 ...
3 MEGA TRENDS OF 2012    CASH-LESS                    BANKING 3.0                       DATA RUSHA long imagined cashless ...
RISE OF THE APPSTHE GROWTH OF APPS USAGE WILL RESHAPE THE WAYS ANDMEANS MOST CUSTOMERS TRANSACT WITH THEIR BANK  9
REASONS TO BELIEVE10
WHAT DOES THIS IMPLY?    For the Nordics, we believe this will mean:      1    LESS ME-TOO      2    ALTERNATIVE PAYMENT T...
3 MEGA TRENDS OF 2012  CASH-LESS                      BANKING 3.0                       DATA RUSHA long imagined cashless ...
TRANSACTIONS AS A PLATFORMSILICON VALLEY INVESTORS HAVE WOKEN UP TO THE FACT THATPAYMENTS EQUALS BIG DATA AND BIG REVENUES...
REASONS TO BELIEVE14
REASONS TO BELIEVE15
WHAT DOES THIS IMPLY?    For the Nordics, we believe this will mean:      1    THE NEW OIL      2    NOBODY HAS MONETIZED ...
CONTACT USKRIS HEWITTDigital Payments Innovation@krishewittkristian.hewitt@payxintl.com          St. James House        Su...
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Payment Mega Trends 2012 - Nordic Impact

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A view of the 3 key trends to emerge in the payments market in 2012 by Kris Hewitt (PayX International) and the implications for Nordic banks and payments institutions. This presentation was designed for the CAC Card Academy Payments Card Conference held in Oslo in November 2012

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Payment Mega Trends 2012 - Nordic Impact

  1. 1. MEGA-TRENDS INPAYMENTS - 2012 WHAT TO EXPECT IN THE NORDICS1KRIS HEWITT | 20-NOV-12 | CAC CARD ACADEMY CONFERENCE 2012 OSLO
  2. 2. CREDENTIALSpayx.com linkedin.com/in/krishewitt WE ARE THE TRUSTED ADVISOR TO THE WORLDS LEADING PAYMENTBUSINESSES WHERE WE UTILISE OUR KNOWLEDGE AND EXPERIENCE TO ENABLE THEIR SUCCESS2
  3. 3. 3 MEGA TRENDS OF 2012 CASH-LESS BANKING 3.0 DATA RUSHA long imagined cashless Mobile banking is garnering a Many industries have beenfuture is (almost) upon us. great deal of attention, but revolutionised by the rise ofConvenience, new the savvy players are taking the Quants and access totechnologies and innovative things to the next level and powerful data analytics, thisnew market entrants all sit unlocking significant is now crossing intobehind this new payments opportunities and capturing payments as Silicon Valleyeco-system. market share. wakes up to the value in payments.KEY THEMES & DRIVERS KEY THEMES & DRIVERS KEY THEMES & DRIVERSDIGITALISATION SMART DEVICE GAMIFICATION RETAILERS-TO- TRANSACTIONS QUANTIFIEDOF MONEY PROLIFERATION OF SERVICES RETAIL BANKS AS A PLATFORM SELFNFC DIY PSPS RISE OF THE DEATH OF THE BESPOKE REALTIMESUBSTITUTION APPS BRANCH SERVICE ANALYTICS3
  4. 4. 3 MEGA TRENDS OF 2012 CASH-LESS BANKING 3.0 DATA RUSHA long imagined cashless Mobile banking is garnering a Many industries have beenfuture is (almost) upon us. great deal of attention, but revolutionised by the rise ofConvenience, new the savvy players are taking the Quants and access totechnologies and innovative things to the next level and powerful data analytics, thisnew market entrants all sit unlocking significant is now crossing intobehind this new payments opportunities and capturing payments as Silicon Valleyeco-system. market share. wakes up to the value in payments.KEY THEMES & DRIVERS KEY THEMES & DRIVERS KEY THEMES & DRIVERSDIGITALISATION SMART DEVICE GAMIFICATION RETAILERS-TO- TRANSACTIONS QUANTIFIEDOF MONEY PROLIFERATION OF SERVICES RETAIL BANKS AS A PLATFORM SELFNFC DIY PSPS RISE OF THE DEATH OF THE BESPOKE REALTIMESUBSTITUTION APPS BRANCH SERVICE ANALYTICS4
  5. 5. DIY PSPSSTARTUPS ARE ENTERING THE PAYMENTS MARKET LIKE NEVERBEFORE AS BARRIERS TO ENTRY HAVE EVAPORATED 5
  6. 6. REASONS TO BELIEVEOffers a free credit card reader for the An API wrapper for bank transfer, which Mobile app which allows users to linkiPhone, iPad, & Android devices, allowing allows any business or individual to tap their debit or credit card to a unique QRanyone to accept credit cards into the UK direct debit network code and then scan this to pay for items.PHENOMENAL GROWTH PSD AND TECHNOLOGY PIVOT TO LOYALTYSTORY COMBINE • Every merchant that accepts LevelUp• In the three years since it’s been in • The EU Payments Services Directive as a form of payment also offers operation in the U.S. it has grown from (PSD) and recent technological monetary savings to users. Users are $1bn in payments processed annually to advances have created the perfect given “First-Time Visit Specials” and $8bn. storm can unlock further credit.WADING INTO MOBILE MERCHANT FRIENDLY STRONG UPTAKE ANDPAYMENTS FOR LARGE • Charges a one percent fee on the STICKINESSMULTINATIONALS transaction, but never charges more • Now doing over $1 million transactions than £2 a month and has100,000+ users. These• Recently partnered with Starbucks, users are making payments using the where it will process all card transactions across its 7,000 stores in the U.S. with PART OF A GROWING LevelUp system on average two to three “FINTECH” WAVE times a week. scope to expand this globally. • A string of digital firms like GoCardless MAINSTREAM CROSSOVERA NUMBER OF CLONES are exploiting the efficiencies of the • Integrated with three of the top U.S.HAVE EMERGED internet to offer financial services in point-of-sale systems: Micros, Positouch cheaper and simpler formats. These• Copycats and rivals are emerging all the and Dinerware POS Systems, which include: MarketInvoice, KashFlow and time, notably: iZettle, PayPal Here, cover 30 percent of all POS systems. TransferWise VeriFone SAIL, Payleven, SumUp and mPowa6
  7. 7. WHAT DOES THIS IMPLY? For the Nordics, we believe this will mean: 1 LAUNCH OF FS OWN BRAND RESPONSES 2 CUSTOMER RELATIONSHIP IS KEY 3 iZETTLE CONTINUES TO SET PACE IN EUROPE“As more companies are providing services instead of the banks, and the banks areunder fire, the message is being reinforced that these services can be provided byother people in a better way” TAAVET HINRIKUS, TRANSFERWISE , JUL 2012 7
  8. 8. 3 MEGA TRENDS OF 2012 CASH-LESS BANKING 3.0 DATA RUSHA long imagined cashless Mobile banking is garnering a Many industries have beenfuture is (almost) upon us. great deal of attention, but revolutionised by the rise ofConvenience, new the savvy players are taking the Quants and access totechnologies and innovative things to the next level and powerful data analytics, thisnew market entrants all sit unlocking significant is now crossing intobehind this new payments opportunities and capturing payments as Silicon Valleyeco-system. market share. wakes up to the value in payments.KEY THEMES & DRIVERS KEY THEMES & DRIVERS KEY THEMES & DRIVERSDIGITALISATION SMART DEVICE GAMIFICATION RETAILERS-TO- TRANSACTIONS QUANTIFIEDOF MONEY PROLIFERATION OF SERVICES RETAIL BANKS AS A PLATFORM SELFNFC DIY PSPS RISE OF THE DEATH OF THE BESPOKE REALTIMESUBSTITUTION APPS BRANCH SERVICE ANALYTICS8
  9. 9. RISE OF THE APPSTHE GROWTH OF APPS USAGE WILL RESHAPE THE WAYS ANDMEANS MOST CUSTOMERS TRANSACT WITH THEIR BANK 9
  10. 10. REASONS TO BELIEVE10
  11. 11. WHAT DOES THIS IMPLY? For the Nordics, we believe this will mean: 1 LESS ME-TOO 2 ALTERNATIVE PAYMENT TOKENS 3 CUSTOMER SERVICE REVOLUTION“We’re moving toward mobile personal financial management, where the consumer notonly has banking functions, but can also use the phone to do budgeting, receivealerts about overspending, get offers etc” BEN LOVE, VP VANTIV, JAN 2012 11
  12. 12. 3 MEGA TRENDS OF 2012 CASH-LESS BANKING 3.0 DATA RUSHA long imagined cashless Mobile banking is garnering a Many industries have beenfuture is (almost) upon us. great deal of attention, but revolutionised by the rise ofConvenience, new the savvy players are taking the Quants and access totechnologies and innovative things to the next level and powerful data analytics, thisnew market entrants all sit unlocking significant is now crossing intobehind this new payments opportunities and capturing payments as Silicon Valleyeco-system. market share. wakes up to the value in payments.KEY THEMES & DRIVERS KEY THEMES & DRIVERS KEY THEMES & DRIVERSDIGITALISATION SMART DEVICE GAMIFICATION RETAILERS-TO- TRANSACTIONS QUANTIFIEDOF MONEY PROLIFERATION OF SERVICES RETAIL BANKS AS A PLATFORM SELFNFC DIY PSPS RISE OF THE DEATH OF THE BESPOKE REALTIMESUBSTITUTION APPS BRANCH SERVICE ANALYTICS12
  13. 13. TRANSACTIONS AS A PLATFORMSILICON VALLEY INVESTORS HAVE WOKEN UP TO THE FACT THATPAYMENTS EQUALS BIG DATA AND BIG REVENUES 13
  14. 14. REASONS TO BELIEVE14
  15. 15. REASONS TO BELIEVE15
  16. 16. WHAT DOES THIS IMPLY? For the Nordics, we believe this will mean: 1 THE NEW OIL 2 NOBODY HAS MONETIZED THIS YET 3 PARTNERSHIPS ARE KEY“The platform in this case is the payment network. Software developers will add newcapabilities to cards by programming the payment network to link online applicationsto specific payment events.” REID HOFFMAN, CHAIRMAN LINKEDIN, MAR 2012 16
  17. 17. CONTACT USKRIS HEWITTDigital Payments Innovation@krishewittkristian.hewitt@payxintl.com St. James House Suite 5 2nd Floor 3340 Peachtree Rd NE 13 Kensington Square Tower Park Atlanta London Graham Street, Georgia W8 5HD Sliema SLM 1713 30326 UNITED KINGDOM MALTA USA17

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