Money 20/20

AFEX Believes Globalization To Spur Payments Innovation


The PYMNTS team caught up with experts in the payments field to ask them their views on industry trends, predictions for the coming year and what their ideal payments system looks like.

Christian Spaltenstein, general manager of the Americas for AFEX, expounded on the growth of the payments industry across borders.

Biggest Trends (A look back at 2015)

“One of the biggest trends we see right now is the democratization across payments, which is what comes with the Internet – what was once part of big banks alone has now become a global phenomenon, with customers now, all over the world being able to use services, across the spectrum,” said Spaltenstein. “Where people in some countries may once have not been able to have a bank account now they are able to make payments, for example, using a mobile wallet.”

Preparing for 2016 And Beyond

Continuing trends will definitely be technology, projected the executive. “It will be a movement, and a continued one, toward linking up between parties within payments, about integration and partnering up. With everyone introducing new products, even the biggest companies are willing to speak to anyone to get new ideas out.”

The Ideal Payments Solution

"Products need to be created for specific channels and specific customers, and networks need to be built that support the continued movement to the ability to move money from one place to another.  Again this speaks to the continued partnering up between firms.  Someone in Nigeria can use a bank account, now, using the Internet. There are a lot of problems that payments and technology can solve.  Some examples include bitcoin and blockchain, which support continued globalization."         



Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border.

Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.