Digital Wallets: Challenges in adoption and the future of a cashless society

Presented by

David Parker (Polymath), Scott Abrahams (Mastercard), Andrew Thompson (Yoyo), Bruce Parker (Modo), Elizabeth Duke (Carta)

About this talk

1. The Mayor of London Research says we will be cashless by 2036, do you agree with this estimate? 2. Currently, Apple Pay only represents 0.06% of US transactions. What functionality are consumers missing from wallets? 3. Will consumers ever trust non-banks to deliver financial services? 4. Consumers only carry one physical wallet. Will they use only one digital wallet as well? What does this mean for closed-loop wallets? 5. What will make retailers adopt and accept more payment solutions? Will they all have to run NFC as it seems to be coming defacto?

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