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ayment methods have evolved drastically over the last fifty years – arguably more so than in the previous two thousand years! Long before the ‘sharing economy’, there was the ‘gift economy’ where people relied on trust


and long term relationships within stable communities to trade goods and services. Over time, currencies developed into what eventually


became the fiat currencies that provide the basis of our credit and debit transactions today. Over the last few years alone, mobile wallets, contactless payments and smart wearables, online payments, and bitcoin continue to transform the way we pay. For any transaction, merchants need to know that


they will receive payment, while consumers must feel comfortable that they will receive the goods or the services they paid for - or that they will be reimbursed if they don’t. Technology has led consumers to expect fast and


easy transactions, across channels and geographies. As we move forwards, the future of payments will be based more than ever on a seamless, secure experience. Fail to deliver on security combined with simplicity and merchants risk losing their customers’ trust and consequently their continued business.


THE MASS MOVE TO MOBILE UK consumers will spend more than £53bn a year


through their smartphones and tablets by 2024, according to Barclay’s - more than five times the current level of payments made via mobile devices. m-commerce will be one the strongest drivers of future payments growth. It is already having a dramatic impact on the way merchants and providers think about payment and could account for nearly half of B2C e-commerce spending by


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