new challenges for payments and their regulators
TRANSCRIPT
New Challenges for Payments and their Regulators
Victor Dostov,
President of the Russian Electronic Market Association
Blurring Lines between ‘money’ and ‘payment’
Where does the line between PayPal (or WebMoney), bonus card, Premium SMS or transport card lie?
Alarming Signs
Waivers included in the EU E-Money Directive 2009/110 are practical.
But they are also an alarming sign.
Hybridization
Choosing the payment options: either e-money
or bank card
Differentiation
Interfaces
Funding Options
Products are getting more complex
Debit Card
Associated with the pre-paid mobile
account
Associated with QIWI Wallet
Issuing QIWI Visa Card
Associating with Yandex.Money
Wallet
Death of Brands
Cryptocurrencies: Evolution of Payments
Centralized nature Traceability
Bank account
DigiCash PayCash
Bitcoin
Bitcoin
Money or Payment Instrument?
Just an opinion
Main Issues of Regulation Approaches
Prevalence of Descriptive approach over Analytic
Waiver Approach
Defensive Over-regulation
Incomprehensible Things are Dropping out of Regulation
Heightened concern by, actually, small things
New Challenges for Payments and their Regulators
Dr Victor Dostov
President of the Russian Electronic Money Association
+7 921 963-85-15