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2018 | OriginalPaper | Chapter

4. New Payments Landscape

Authors : Sofie Blakstad, Robert Allen

Published in: FinTech Revolution

Publisher: Springer International Publishing

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Abstract

In this chapter, we examine how payments have evolved in recent years, from cash-based to digital and from batch to instant. We present the commercial landscape of payments today, with central banks, centralised infrastructure, distributed commercial banks and payments services, together with some of the technical challenges in adapting to new standards, such as instant payments. We show how alternative methods of moving value, including non-bank payments and blockchain-based transactions, are bypassing payments infrastructure and the banking system.

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Metadata
Title
New Payments Landscape
Authors
Sofie Blakstad
Robert Allen
Copyright Year
2018
DOI
https://doi.org/10.1007/978-3-319-76014-8_4

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