Money has evolved over time due to changes in technology and society. Originally taking the form of commodity money like gold, money transitioned to paper and coinage as legal tender to become more convenient and durable. Now, digital money such as online banking, credit cards, and mobile payments are increasingly common due to advantages like faster transactions and lower costs. However, most people believe digital forms have not fully replaced traditional currency. Innovation will likely continue as technology advances further.

1. INNOVATION OF MONEY
1
Chan Ka Yee, Kayley
(13209000)
Chow Tsz Ching, Calvin
(13209116)
Wong Tsit Ting, Minnie
(13214934)

2. CONTENT
2

3. OBJECTIVES

Discover the history of money innovation

Find out the reasons why money is innovating

Predict the future trend of the use of money
3

4. INTRODUCTION
Money is any object or record that is generally accepted
as payment for goods and services.
 Different payment systems are due to the period of time,
culture and society.


Types of money:
Commodity money
Paper money
Coinage
Digital money
http://prezi.com/xa8lyfwee5_o/?utm_campaign=share&ut
m_medium=copy&rc=ex0share
4

5. MINDMAP

http://www.mindmeister.com/325493638/innovation-ofmoney#
5

6. SURVEY RESULTS (1)

Gold
Online bank
EPS
Credit card
Octopus card
Most of the respondents
used Cash commonly
when they were children.

Q: When you was a
child, what kind of
money do you use
most?
Few of them choose the
options of Digital money.
For example: online bank,
EPS, credit card and
octopus card
Cash
0
20
40
60
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7. SURVEY RESULTS (2)
What is your most common
currency using nowadays? Rank 1
What is your most common
currency using nowadays? Rank 2
40
35
35
30
30
25
25
20
20
15
15
10
10
5
5
0
0
Cash
Octopus Credit
card
Card
Cash
EPS
Online
bank
Gold
Octopus Credit
card
Card
EPS
Online
bank
Gold
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8. SURVEY RESULTS (2)

Most respondent choose cash as their most
common currency nowadays as usual

But many people also choose octopus card as their
second common currency.

Some of the respondents choose credit card and
EPS too.
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9. SURVEY RESULTS (3)


The highest percentage of
interviewees use octopus
card to pay fee for
transportation.
Considerably less
interviewees use cash as
transporting fee.
Which do you use more to pay
fee during taking the MTR, BUS
or any Public Transportation?
Octopus
Watch
2%
Octopus
Card
88%
Others
6%
Cash
6%
Others
4%
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10. SURVEY RESULTS (4)
Do you have any online
bank account?
Yes
No

Almost half of the
respondents have online
bank account.
44%
56%
10

11. SURVEY RESULTS (5)
Do you think the electronic
money can fully replace the
traditional money?

More interviewees think
electronic money can not fully
replace the traditional money.
Yes
39%
No
61%
11

12. CONCLUSION OF SURVEY RESULTS

The importance of digital money is rising.

Digital money even can replace the traditional one
in some criteria like transporting.

But overall, people think digital money cannot fully
replace the traditional money in future.
12

13. THE REASONS FOR MONEY INNOVATION
Barter to commodity money

No agreed standard measure method

Need double coincidence of wants
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14. THE REASONS FOR MONEY INNOVATION (2)
Commodity money to Legal tender
(coinage and banknotes)

More convenient

More durable

Standardize
14

15. THE REASONS FOR MONEY INNOVATION (2)
Legal tender to Digital money

Faster payment and trading

Lower Cost

More convenient in International trading

Technological advancement
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16. CONCLUSION

Money is innovating because of convenient and
technological advancement.

Digital money will take an more important role in
future

But Digital money can’t fully replace the traditional
money
16

17. JOB DIVISION
Objective (Minnie)
 Introduction (Calvin)
 Perzi (Kayley)
 Mindmap (Kayley)
 Survey Result (Kayley, Calvin)
 Reason (Minnie, Calvin)
 Conclusion (Calvin)
 Powerpoint Decoration (Kayley, Minnie)

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18. THE END
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