Payments are becoming increasingly invisible and inconspicuous. If earlier you had to get a purse out of your bag and give out bills, now it's enough to bring your phone to the terminal, and in the future, probably, you do not have to get it - just put your finger or say a word.
In the meantime, the study of One Overspend Is Already In Your Wallet showed that when a person purchases a card, they spend 12-18% more than buying for cash. So, maybe invisible payments will increase mindless consumption and drive people into loans and debts? It all depends on how quickly these technologies will be implemented and whether we will have time to learn financial culture to spend virtual money with intelligence and caution.
If you want to learn more about the future of payment systems and how they will affect the financial behavior of people, come to the lecture "How Financial Technologies Affect Our Life" from the cycle "Financial Environment".
Victor Dostov, one of the leading experts in the retail payment industry, will tell you what trends are observed in the sphere of payment instruments, how we will pay in 5, 10 and 15 years and how this will affect banks, the financial sector and our life as a whole.