The Changing Landscape for Retail Payments in Canada: From Money to E-Money

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Presented at CounterMeasure 2014 by

Ben Fung

The retail payment landscape in Canada and elsewhere is changing rapidly as new technology and new business models are changing the way people pay for their purchases. In particular, people are substituting from cheques and cash to electronic means of payment as well as e-money and even cryptocurrencies. This presentation will discuss the evolution from money to e-payments and e-money. It will also examine the future of money and e-money; specifically, how important are factors such as speed and convenience, and security and fraud, in affecting people’s choice of payment instruments?