Financial institutions in Europe – with backing from the central banks – are sketching out ideas for a pan-European payment system that can be used in a wide variety of payment situations – from the point of sale to the online checkout. After all, one thing holds true in both Japan and Germany: a digital economy needs efficient, quick and competitive digital payment methods.
And if one day machines are able to pay autonomously, it is safe to say that they won’t (Tonne) be using cash, payment cards or traditional online banking.