Imagining an open future for payments

Examining current global trends and leveraging our experience at the forefront of payments to help foster an innovative, open, and resilient global payments ecosystem.

Pillar Overview

Visa Economic Empowerment Institute imagining a future of open payments. See Image description for more details.

Over 70 countries have implemented or are implementing faster payment systems (FPS). Over 50 are investigating broadly available central bank digital currencies (CBDC). And more than 40 fall into both camps.*

*VEEI analysis and tracking, supplemented by the FIS Flavors of Fast 2020 report, October 2020

Today’s consumers expect efficiency and ease in all their interactions, especially when making a purchase. Methods of moving money are evolving to keep pace with evolving consumer expectations. Trust, security, and reliability are fundamental to payments, and must be cornerstones of new innovations.

There are significant opportunities for the public and private sectors to work together to maintain the global ecosystem and continually improve capabilities that enable individuals, businesses, and economies to thrive.

VEEI Articles on the Future of Payments

Imagining an open future for payments: Imperatives for a recovery

Policymakers can work with the private sector to foster an innovative, open, and resilient payments ecosystem. Our work will take stock of the payments landscape and the trajectory of innovation, including the profound changes introduced by the COVID-19 pandemic, and set forth future areas of exploration with policymakers.

Learn more about the future of payments

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Please reach out and connect with us on our research. We look forward to hearing from you.
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