The conference will explore possible concerns for major payment facilitators and credit card companies if digital currency is widely accepted, further discussions specifically around the financial benefits to a company’s eCommerce units of adopting the use of Bitcoin as a form of payment and building payment solutions and embracing Bitcoin for banking innovation. Bitcoin is poised to shake the world and move the world’s financial infrastructure forward…..are you ready to grab a pie in this multibillion dollar Bitcoin industry?
| Strategic review of innovation in payments systems and bringing together experts and industry players in payment systems to create and forge powerful partnerships that could shift the payment network landscape. |
| Payment technologies are in a period of rapid change across Asia Pacific, Middle East, Africa, Europe and the region. This conference will cover every aspect of payment systems currently available in the market, from prepaid cards that meet the growing needs of the unbanked around the world, to the introduction of innovative m-payment models, where cellular mobile operators and banks are continuously innovating to provide new services to increase the excess of financial services, as well as taking a closer look at the next alternative payments offered by Bitcoin. Bitcoin is an innovative payment network and a new kind of money, which allows exciting uses that are not covered by any payment system. Ultimately, this conference will bring together experts and industry players involved directly in payment systems to share perspective and insights as well as to seek to develop and test new payment solutions that are safe, simple and smart. In addition, this conference is a timely platform to create and forge new powerful partnerships that could shift the payment network landscape. The conference will be attended by a panel of experts from Bitcoin sector, digital and payment systems industry players as well as representatives from central banks, financial institutions, banks and payment service providers across Asia Pacific, Middle East, Africa, Europe and the region. |
Growth potential remains in the Philippines with strong economic dynamics, new verticals and mobile payment development. Growth in 2014 will be technology-driven. Merchants and retailers will be compelled to integrate technology in their marketing, sales, services and payment. As Philippines consumers become increasingly sophisticated, demands for higher quality products complemented with value-added services increases. The higher spending power of Filipinos would also require merchants and retailers to improve their payment systems to accommodate the increase in transaction. In addition, according to a study released by Citigroup in April 2013, 75% of Filipinos are comfortable conducting banking transactions online. There is also significant usage of smart phones where, according to GFK in its recent study, one in every three mobile phones sold in the Philippines is a smart phone. This indicates a significant uptake of mobile banking among the Filipino consumers, with a strong growth potential with different market challenges to tackle driven by massive deployments to move from cash to electronic payments. Another development, Philippines' reliance on remittances and money transfers give rise to the threat of erroneous and inappropriate transactions. Mobile banking as well as other innovative payment system would be a viable platform for these services, as well as to address the potential lapses in control that may occur with physical transactions. The unique state of the Philippine economy and the benefits of mobile payment provide a sound business case for mobile payment to take shape in the Philippines. Therefore, it is now the right time to capture a pie in this lucrative payment system market, driven by payment through mobile acceptance devices, biometric terminals and payment systems including prepaid cards, credit cards, ATM payment gateway, remittances, money transfer, innovative m-payment models, online payment systems and Bitcoin. It is also timely to find out what are the new payment schemes and systems under deployment across the Philippines and be the first to touch base and connect within the industry’s circle to grab a share in Philippines’ lucrative payment system market. |
 |
 |