fast forward to a digital future - banco de portugal · b2b • supplier/invoice payments •...
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Fast Forward to a Digital Future
Fórum de Pagamentos14 May 2018
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What will money look like in 2050?
My self driven car will get my supplies
I will have coffee served by a bot
I will subscribe a health monitoring service
through my lens
I will get my goods delivered by a drone
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Don’t pay, just buy
Imagem 1
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My
will pay
Imagem 2
€
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Invisibly secure
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It’s all about the
experience
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1950 1995 20052000
Buy in stores Buy online
2010 2015 2020
Buy mobile
€
will plasticreplace cash?
the end of brick & mortar will be the
end of cash?the boom of digital
payments will kill cash!
Buy everywhere
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the payment experience
In the age of experience the best payment experience will win!
“A melhor app financeira. Já me salvou muitas vezes de ter de voltar a casa porque
me esqueci da carteira”.
“As transferências entre amigos são o
que mais uso.”
“Esta aplicação está cada vez melhor e as
funcionalidades que permite são extraordinárias.”
“Tal é a quantidade de vezes que utilizo, que quase me esqueci do PIN do meu cartão.”
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688.000 users
>1.400.000 payments/month
32.900 merchants
The first instant paymentnational service in €
Empowering e-commerce in Portugal
Enhancing new digital payment habits
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10Source: SIBS
~60% trx<20€
>=20€
instant transfers are a fast growing alternative to P2P cash payments
abr-18jan-18out-17jan-17 abr-17 jul-17
x12
x 2
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Note: Most common P2P message labels
AlmoçoJantar
EuromilhõesCaféUber
CompraFutebolGasolina
CinemaTaxi
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instant transfers are a fast growing alternative to new P2P digital payments
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SIBS new solutions will further enhance the Portuguese Payment system into digitalization
Launch of open banking API platform to enhancePSDII compliance anddrive innovativeservices
Reinforce and evolve security and anti-fraud services to new digital services
Launch of newinstant paymentinfrastructure basedon Europeanstandards
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2 New instant payments infrastructure will enhance interoperable digital payments in Europe
Other European Banks
24 x 7 x 365 immediate confirmed final
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UMA TRANSFERÊNCIA
DEMORA UM DIA24h1s
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2 Enabler for Banks to develop new digital use cases for different customer segments
B2B• Supplier/invoice
payments• Liquidity
management• Trade finance• International
transfers
B2P• Payroll• Bulk payments• Charge back• Last minute bill
payments • Large value
payments
P2P/MB WAY• P2P payments • Bill payments• Money transfer• International
remittances
P2B/P2M• xborder
e-commerce• Payments of
services rendered at home
• Cash and chequesreplacement
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OPEN BANKING
Innovative and convenient services for consumers
Banks partner with fintechs and build new financial services
Fintechs build services on the
platform
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SIBS open banking platform enables a new digital ecosystem
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API core compliance
API fintechvalue added services
AnalyticsSecurity
€
WebServices
DevelopersSandbox
API for partners
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services for best in class anti-fraud and cybersecurity levels
Authenti-cation
Detection
Security
Experience
Risk
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Fast forwardto a digital futurecashlessdigital