Payments are becoming immediate, invisible and free

Brian Greener, Senior Manager at Nuapay was interviewed by Alfredo Gomez of E-commerce Nation at the MPE 2019 event in Berlin. MPE is Europe’s Largest Merchant Payment Acceptance Conference. The conference brings together opinion formers, stakeholders and other interested parties that help shape and drive the Payments Ecosystem.

In the video interview, Brian gives us an insight into the future of payments by 2025.

Brain explains, that we see quite a lot of change happening in the industry at the moment but probably at the greatest rate of change that we’ve seen for many years. We expect that rate of change to continue.

We’re seeing the world somewhat divided differently to how we would expect it. With the Asia Pacific really leading the world and Europe trading along a little bit behind so we’re a little bit in catch up mode with the Asia Pacific.

So we expect to see significant changes in the way payments are made. And in general, the quote I like to use is that “payments are becoming immediate, invisible and free”. That would be a good definition for payments.

Read our blog: Open banking – changing the way we pay.

Brian continues to explain the development of open banking linked with real-time payments. “I say card displacement mechanism. We’re working with some of the largest hospitals in the world on those particular avenues. We expect that to have a disruptive impact on the way that people do business and the way people trade and particularly in e-commerce and also in the physical point of sale. So we’re working very heavily in that arena and we’re at the moment where specializing within Europe for European area and initially in the U.K. because the U.K. is the first to be life.”

Watch the full video interview by clicking on the link below.

Have you thought about what impact Open Banking will have on your payment strategy?

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About Nuapay

Nuapay is a pioneer of Open Banking and is the industry’s leading provider of Account-2-Account payment solutions environment. Building upon the trust, scale, and experience of our parent company Sentenial we– who securely process over €42bn every year as an outsourcing provider to many of the world’s leading Banks – and continually we have worked tirelessly to reinvent what’s possible from a modern banking and payment solution.

Today, we offer partners all around Europe the world a fully comprehensive, integrated payment solution that removes all traditional banking inefficiencies and unnecessary costs, saving you time, money and resources at every turn. This is banking as it should be.

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