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Interesting take on the future of payments

Interesting take on the future of payments

(21 August 2015 – United Kingdom)  A Payments UK commissioned report has set out a vision of what the payments sector could include in the near future.

The report by Consult Hyperion is a look at how consumers will pay in the future.

The Future of Payments opinion paper paints a thought-provoking outlook for the future of payments in the United Kingdom over the next few years.

For instance, Consult Hyperion believes that within five years the smart phone will become the main way to pay.

Within 10 years, making payments will require little more effort than putting on a wristwatch in the morning. 

Consult Hyperion’s report considers in detail the drivers for change in payments (technological, regulatory and customer), as well as providing a comparison of innovation and payment systems in the UK with the rest of the world.

The report can be accessed on the Payments UK website.

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