Innovative Payment Services
Payments innovation comes in many guises, including:
>> technology and legal innovation, such as redefining supply chain participants;
>> innovation in security;
>> marketing innovation, such as GSM data to identify "promising" depositors;
>> distribution channel innovation, such as the use of agents; and
>> Business model innovation.
WSBI–ESBG payments practice
The WSBI–ESBG payments practice monitors these developments, engages with policy makers and legislators to explain the different facets innovation takes, remove barriers to innovation and preserve the savings and retail banks' space for innovating as required by the customer segments they serve.
WSBI-ESBG also offers a platform for members to share experience in payments innovation, and on demand runs workshops to identify new opportunities.