PayEd - Education in Payments

#PayEdPaymentsExpress 4.0 has arrived in Amsterdam Central just in time for Money20/20 #Experientiallearning through sharing knowledge and experience with friends. This year the addition of the #Toastmasters aka #Paymasters from Ireland provided an interesting perspective. Where to next? David Birch Toni Gregory Charles Kerrigan Geoffrey Barraclough Jack Wilson Jeff Banks Nick Cahn Sean Forward Heather Xiao Mairead Stafford John Ryan Marie Walker Rory O'Kane Sagra Clorio Jessel Edward Cahill Yasmine Amani Naren Patel Nilixa Devlukia Rahul Bhargava Mark Swain Scott Patterson Lara Paholski Victoria Richardson Amanda C. Vanessa Ang Hui Xuan Stephen Peters Brett King Cordell Smith Kirsty Rutter Monica Millares 🎙️

The journey to attempt a world record is a decision for persons to adress a question. And that is what happened last week in the Castlebridge, at the birthplace of Guinness World Records. The birth of the famous book came about because of an argument that arose over a question about the fastest bird. 73 years after the birthday, the question being asked by David Birch and others at the birthplace is "What will the record be for Global Digital Identity?" To focus on the question we leaned on creativity from artist Mairead Stafford. The immersive moment of grounding at the birthplace set the scene for the day. As David said "This question is really hard and I've been considering for a long time - maybe artistic creativity is what's required?" By the end of the day, after exploring and learning about the current elements of Digital Identity we seem to have landed in a good place as to what that record will be. We are setting the objective to attain the Global Digital ID in 12 months time, after more global workshops, and returning to the birthplace to attempt the record in November 2025. Share and like this post if would like to be involved in the global Digital Identity record attempt in 2025. #CastlebridgeInspire organised this workshop coinciding with Guinness World Record Day. Their vision is "all past and future recordbreakers are welcomed to the town to share their inspiring stories" *Photo notes : David Birch reading the Aug 1955 1st edition of GWR Book. And another photo of someone paying for a Dungeons and Dragons Book with cash in the local Game shop in Castlebridge 😀 John Ryan Peter Oakes Garrett Cassidy Brad Carr Liam Quinn Russell Burke

What Can We Learn from the UK’s National Payments Vision? The UK’s National Payments Vision provides insights for other countries and global businesses on the future of payments. This document sets out more of a focused direction than a specified end result. 1. Driving Innovation in Payments: The UK is pushing forward with Open Banking, Distributed Ledger Technology (DLT), and account-to-account payments. Nations like Brazil (PIX) and Sweden (Swish) are leading examples too. Real-time, secure, and low-cost options could redefine cross-border transactions, creating new opportunities for global businesses. 2. Securing Payments Across Borders: Fraud prevention remains a global priority. With the UK’s focus on AI-driven fraud detection and data sharing, there’s a strong message that security investments are crucial for international businesses, especially as fraud risks evolve across regions. 3. Supporting Payment Choices, Including Cash: While the UK vision emphasizes digital, cash remains essential in many markets, especially for financial inclusion. Countries like Ireland, Germany and Japan continue to support cash, acknowledging diverse needs. 4. Cross-Border Payments & Interoperability: While the UK report centers on domestic payments, the potential for seamless cross-border transactions is vast. Digital Pound, yet undetermined, remains in focus. Real-time, cross-border payments are closer than ever, with leaders like the EU and Asia focused on building more interoperable systems. Businesses should look toward technologies that enable easier, faster, and lower-cost global transactions. The UK's approach is a model for countries and companies alike: balancing innovation, security, future solutions focused and inclusivity in a rapidly changing payments landscape, with more flexible regulations. #101inPayments #FraudInPayments #DigitalPayments #PaymentsInnovation

What will the Guinness World Records for #GlobalDigitalIdentity look like when we attempt it in 12 months time? This is one of the key questions being initially addressed by David Birch and #DigitalID experts at the birthsite of #GuinnessWorldRecords, Nov 22nd, at Castlebridge, Ireland. The #Inspireworkshop is run in conjunction with #CastlebridgeInspire. If you are passionate about advancing #DigitalID in the global setting then this is a program that will be of interest, as we extend this workshop to London, Amsterdam, NYC, Singapore, Bangkok and Sydney during 2025. John Ryan Mairead Stafford Ashley O'Reilly Peter Oakes Sean O'Sullivan Úna Dillon John Byrne

Here's an article which talks about street performers suffering in the transition to #cashless, but this article lacks depth around the discussion topic. Cashless has alot of advantages for street performers particularly those who use payment platforms, integrated with social media and online communities. Perhaps live audiences pay less cashless, but that should change over time with more education/experience customers will get better at cashless. Creating an omnichannel spanning physical and online literally opens a new world of fans/customers to performers. Shirina Holmatova in this article seems to be well on her way to becoming an independent international star - she already has over 1.2m in her TikTok community! Cashless also offers better security, analytics and efficiency for performers. The lesson in this article is to think broader about #payments in the cashless world, because there are lots of new opportunities.

🔍 mBridge’s Future and What It Means for Cross-Border Payments Last week at Sibos 2024, Beijing, discussions around cross-border payments platforms were lively, with the Bank for International Settlements – BIS highlighting progress on Project mBridge—an ambitious venture involving central bank digital currencies (CBDCs) with partners across Asia and the Middle East. This week, however, brought news that BIS might exit the project. Describing it as "mature enough" to stand on its own, BIS reiterated mBridge’s role as a public good, poised to streamline cross-border payments through real-time, peer-to-peer CBDC transactions. But questions linger about the timing of this announcement and what it signals for mBridge’s evolution. For those who attended Sibos and engaged with the BIS Innovation Hub on CBDC advancements, this shift raises key questions: How will mBridge continue to evolve without BIS oversight? Will this transition impact the pace and scope of cross-border CBDC adoption? This move is unlikely to.affect the G20 Crossborder Payments project, but it does highlight that future crossborder payments are subject to change. PayEd - Education in Payments #CBDC #CrossBorderPayments #mBridge #DigitalCurrency #BIS

Sibos 2024 end of conference party is a fitting finale to a busy week. John and Rahul had a chance to let their hair down, reflect a bit, and start thinking about #PayEdPaymentsExpress Avivate could look like at SIBOS Frankfurt 2025. Nina Hülsken Paul Nicholas Ashley O'Reilly Mark Swain David Brown Stephen Peters James Lloyd Nilixa Devlukia David Birch Georgia Hanias

Ireland’s newly released National Payments Strategy is a forward-thinking approach to modernize and enhance trust in the payments ecosystem. Some key point highlights: 1️⃣ Strengthening Public Trust: The vision emphasizes a secure, effective payment system, ensuring consumer confidence. 2️⃣ Cash Still Matters: While electronic payments are growing, cash remains vital, especially for those over 65. New legislation aims to maintain fair cash access across Ireland. 3️⃣ Cards & Credit Transfers Lead the Way: Cards are the top payment method by volume, while credit transfers dominate transaction value. However, a new wave of credit transfers signals exciting growth. 4️⃣ Emerging Digital Options: Open Banking and Instant Payments will address Ireland’s gap in direct, account-to-account payments, aligning with Europe’s payment leaders. 5️⃣ Preparing for the Future: The strategy promotes innovation, supporting digital wallets, QR codes, and “pay by account” options to keep pace with evolving needs. Interesting, to not see more about #fraud, #cyber and #scams. Not too surprising given the positioning in Europe to not see mentions about #crossborder payments. Ireland is focused on delivering an inclusive, resilient, and future-ready payments landscape. At PayEd - Education in Payments, we’re excited to watch these developments and help guide businesses through the transformation! #Payments #Innovation #Ireland #OpenBanking #CashlessSociety

The #SEPA topic as well payments in Europe were widely discussed at Sibos 2024, but this article and discussion goes a bit deeper on the topic and provides some good discussion points.

Thanks Karl Zettl. Lovely to have had the opportunity to meetup in Bangkok.