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Benefits incl. operating efficiencies, more inclusive & stronger governance. Challenges incl. enabling access for 1.7 billion who lack accounts, desire for privacy & vulnerabilities of digital.
Thursday, July 19, 2018 at 05:30 PM   $40
Rise NYC, 3 W 23rd St, 2nd Fl
 
     
 
 
              

          
 
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Technology & convenience are driving down the use of cash. Real-time payments, pervasive smartphones, the leapfrog of mobile commerce (in emerging markets), pervasive payments infrastructure (in mature markets), & fintech players are powering this shift.

The benefits of cashless are touted: operating efficiencies, better experience & more inclusive consumer access, stronger governance. But do these promises mask risks? Challenges include enabling access by the 1.7 billion people worldwide who lack accounts with a financial institution or mobile money provider* & fully depend on the cash economy; the desire for privacy (intrinsic to cash; possible with cryptos); & the vulnerability of digital systems (think the recent Visa shutdown).

We will focus on the human side of cashless society through the lenses of access, privacy, & risk to identify the conflicts & models of collaboration across payments/financial services, governments & the society they serve. *Source: World Bank The Global Findex Database 2017) & UBS

With special thanks to our sponsor:



And our annual sponsor:






REFUND POLICY
If you are unable to attend, all fees will be refunded. Refund requests must be received in writing, prior to 24 hours after the event. Please send refund requests tonikki.principe@nypay.org

 
 
 
 
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