These problems then began to put financial stability at risk. There are two main reasons why this subject is still of current relevance. –  First, the financial crisis has by no means been overcome more than three years after its broke out.
The right mix of courage and caution that was necessary for that feat is required in other walks of life, too – and retail payment innovators are no exception here. In my remarks today I’d like to cover three things. First, I will outline the structural changes and challenges that the retail payments industry is facing as a result of digitalisation.