Use of electronic money systems appears to be growing in at least a few foreign countries. But in this country, growth of electronic money systems is sluggish – well behind earlier predictions, well behind the growth of credit and debit card use and way behind the growth of other types of electronic commerce.
Even fervent advocates of electronic money will admit disappointment at its rate of adoption. In this talk I will try to assess the state of the electronic money transformation, here and abroad. I mention some promises, some stumbling blocks and some technological and regulatory issues that will have to be dealt with as electronic money use proceeds.