The Future of Smart Payments
This report explores the future of smart payment systems, focusing on diversification and competition within the industry.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: |
Gemalto |
| Authors: | Guillaume Lepecq, Riel Miller |
| Geographic focus: | Global, Africa |
Methods
The research method used was the Hybrid Strategic Scenario exercise, which involved discussions and workshops with industry experts to analyze the future of smart payment systems.
(Generated with the help of GPT-4)
Key Insights
The report is based on discussions from the Smart Banking Forum organized by Gemalto, focusing on the future of smart payment systems. It examines the long-term trend of diversification in payment methods and the current competitive pressures in the industry. The report discusses the potential transformation in transaction-networking attributes that could create new products and markets for smart payment systems. It also considers strategic choices for industry leaders between focusing on economies of scale with existing products or committing to the emerging unique transaction economy. The report uses the Hybrid Strategic Scenario exercise to analyze the future of smart payments, considering technology, economy, and society. It concludes with observations on pivotal issues and assumptions in the smart payment sector.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: Africa geographic scope | English publication language | Global geographic scope | competition | customization | diversification | economies of scale | ict | market segmentation | mobile payment | scenario planning | scenarios | smart payments | strategic choices | technology standards | transaction-networking