1

THE ART OF THE POSSIBLE WITH FRICTIONLESS PAYMENTS

JAN PILBAUERCIO, EXECUTIVE DIRECTOR, MODERNIZATION

22

33

44

55

66

77

88

99

1010

1111

68 69 70 71 72 73 74 75 76 77

2001 released

First ATM

MasterCard

1212

78 79 80 81 82 83 84 85 86 87

Payments

Canada

established

ACSS Interac PINVisa

1313

88 89 90 91 92 93 94 95 96 97

Telephone

Banking POS

Government

Direct Deposit Online Banking

1414

98 99 00 01 02 03 04 05 06 07

PayPal

LVTS

e-Transfer

1515

08 09 10 11 12 13 14 15 16 17

Bitcoin

Mobile banking Remote cheque

deposit

Digital walletsContactless

card

EMV standard

Square

1616

ORGANIZATIONS WE CONSULTED

Walker Ellis

1717

HOW WILL EMERGING TECHNOLOGIES

AFFECT PAYMENTS?

1818

THE FUTURE IS FRICTIONLESS

1919

92 94 96 10 13

Mobile banking Telephone

Banking

POS

Online Banking

ATM

69

Remote cheque

deposit

16

Digital walletse-Transfer

04

Contactless

card

11

2020

OUR VISION FOR WHAT A FRICTIONLESS

PAYMENT SYSTEM LOOKS LIKE

Fast Data rich Transaction transparency Easier

Cross-border convenience Activity-based oversight Open & risk-based access Platform for innovation

2121

MODERNIZE THE RULES

FRAMEWORK

ALIGN WITH GLOBAL

REGULATORY STANDARDS

ENHANCE AUTOMATED

FUNDS TRANSFER

ESTABLISH A REAL-TIME

CAPABILITY

BUILD A NEW CORE CLEARING

AND SETTLEMENT SYSTEM

THE ROADMAP: HOW WE WILL BUILD A

FRICTIONLESS PAYMENT SYSTEM

ISO-2002 ENABLED INFRASTRUCTURE

2222

18 19 20 21 22 23 24 25 26 27

? ? ?

? ?

2323

GLOBAL INSPIRATION

Recurring direct payment

Send and receive

payments using a

mobile number

Enhanced batch payments

Opened access to core

payment systems

Easy mobile bill payments

2525