1. New Challenges for Payments and their
Regulators
Victor Dostov,
President of the Russian Electronic Market Association

2. Blurring Lines between ‘money’ and ‘payment’
Where does the line between PayPal (or WebMoney), bonus card,
Premium SMS or transport card lie?

3. Alarming Signs
 Waivers included in the
EU E-Money Directive
2009/110 are practical.
But they are also an
alarming sign.

4. Hybridization
Choosing the payment
options: either e-money
or bank card

5. Differentiation
Interfaces
Funding
Options

6. Products are getting more complex
Debit Card
Associated with the
pre-paid mobile
account
Associated with
QIWI Wallet
Issuing QIWI Visa
Card
Associating with
Yandex.Money
Wallet

7. Death of Brands

8. Cryptocurrencies: Evolution of Payments
Centralized nature Traceability
Bank account
DigiCash
PayCash
Bitcoin

9. Bitcoin
Money or Payment Instrument?
Just an opinion

10. Main Issues of Regulation Approaches
Prevalence of Descriptive approach over Analytic
Waiver Approach
Defensive Over-regulation
Incomprehensible Things are Dropping out of
Regulation
Heightened concern by, actually, small things

11. New Challenges for Payments and their Regulators
Dr Victor Dostov
President of the Russian Electronic Money Association
+7 921 963-85-15
greygato@gmail.com