How will the future unfold? What is the impact of technology on business & society? As technology reorders the world in which live, who will be the winners and who will be the losers? Join Azeem Azhar, curator of the Exponential View newsletter, in deep conversation with the world's leading thinkers and practitioners exploring these and other important questions. The views expressed on this podcast are those of its hosts, guests, and callers, and not those of Harvard Business Review.
https://hbr.org/podcasts/exponential-view
episode 36: The Future of Digital Payments
Visa processes more than 500 million transactions every day. How is the world’s largest digital payment platform adapting to new technologies and fresh competition? Charlotte Hogg, executive vice president and CEO of its European operations, joins Azeem Azhar to explore the evolving ecosystem of digital payments.
They also discuss:
- Why Visa should be seen as a platform-based technology company like Google, despite being an established financial institution.
- Why the Visa’s “open network” model demands a level playing field for all participants.
- Why an increasingly cashless world is pushing central banks towards digital currencies.
- How the payment platform is now enabling settlement in the USDC stablecoin – a cryptocurrency pegged to the U.S. dollar.
@azeem
@exponentialview
Further resources:
- “Visa launches suite of AI tools to enable smarter payments” (TechRadar, 2021)
- “Central banks get serious on digital currencies” (Financial Times, 2021)
- “Bitcoin and the Future of Decentralized Finance” (Exponential View podcast, 2021)