The Place of Payment Technology in the future of commerce

The payment industry is undergoing a transformation driven by technology, data security,  legislation, and rising customer expectation. The proliferation of payment technology is visible throughout society, from payment-enabled wearables and new Social Commerce entrants such as Depop, to buskers and Big Issue vendors accepting contactless card payments.

This paper examines two key areas which together have re-shaped commerce, and catalysed a wave of innovation within the payment sector.