The future of payments is here, Michael Pettis in conversation with Mark Sobel
Friday 11 December 2020 – Vol.11 Ed.50.5
Commentary: The future of payments is here
By Bhavin Patel and Brandon Chye
Payments are not just being disrupted, but utterly transformed by new technology. OMFIF surveyed central banks and regulators to examine how the future of payments will look. As many central banks indicated, their governance and involvement in hybrid systems for payments and money will encompass not only a role as issuers of sovereign digital fiat, but also as standard-setters to protect consumer needs and innovation enablers for greater payments competition.
Read the full commentary and download the report.
Podcast: China’s economic outlook
Michael Pettis, professor of finance at Peking University’s Guanghua School of Management, joins Mark Sobel, US chairman of OMFIF, to discuss China’s macroeconomic outlook and the health of its financial system. They cover the future US-China relationship under President Joe Biden, the lasting impact of Donald Trump’s trade policies, and Chinese monetary and currency policy.
Listen to the recording, or search ‘OMFIF’ on your smartphone’s podcast app.
