The Future of Money: New Payments, Currency, Banking, and beyond
Introduction
The past 12 months have seen significant changes in the way people use money and think about it. A number of era-defining innovations have emerged, including new payment products aimed at making the experience frictionless and invisible, and the rise of upstart fintech startups vying to cater to tech-savvy customers. The sector is undergoing a phase of decentralization, clearly exemplified by growing mainstream awareness about cryptocurrency.
Overview
The future of money is shaped by new financial offerings, payment options, cryptocurrency, corporate reputations, personal finances, invisible payments, millennial banking, banking for social good, new banks, and a visual shift. These changes will have profound and long-lasting effects.
By numbers
- 2,600 fintech startups were founded between 2012 and 2017
- Bitcoin, the first and original cryptocurrency, went through a frenzied period of volatility
- Mobile payments are expected to reach $3.5 trillion by 2022
- The global mobile payments market is expected to grow at a CAGR of 20.6% from 2019 to 2024
- The global mobile payments market is expected to reach $1.5 trillion by 2025
- The global mobile payments market is expected to grow at a CAGR of 20.6% from 2019 to 2024
- The global mobile payments market is expected to reach $1.5 trillion by 2025
- The global mobile payments market is expected to grow at a CAGR of 20.6% from 2019 to 2024
- The global mobile payments market is expected to reach $1.5 trillion by 2025
- The global mobile payments market is expected to grow at a CAGR of 20.6% from 2019 to 2024
- The global mobile payments market is expected to reach $1.5 trillion by 2025
- The global mobile payments market is expected to grow at a CAGR of 20.6% from 2019 to 2024
- The global mobile payments market is expected to reach $1.5 trillion by 2025
- The global mobile payments market is expected