APSCA - NGC2022 - Outlook for Payments and Identity
As the pandemic winds down after nearly 3 years, the payments and identity businesses have changed. A significant increase in customer adoption of both online and face-to-face electronic payments has accelerated the transition to digital payments. The growth of online and off-line electronic payments is driving demand for more effective digital identity solutions to protect consumers, merchants and all payments stakeholders. What will these changes mean for banks, fintechs and other issuers; merchants and customers; and the payment card business?
Greg Pote, Chairman, APSCA
Expo, Refreshments, Networking
Evolution of Payment Cards
Payment innovations in an era of payment disruptions
Global payment card spending exceeded $42 trillion in 2021. Payment card spending was up over 20% in all global regions , and Asia-Pacific saw the greatest absolute growth . In this session keynote presentations explore how the payment card business is changing; regional payment market developments; emergence of next-generation card solutions; factors driving card issuance, acceptance and usage; and the reasons behind the growth of payment card issuance and usage despite continuing development of alternative forms of payments.
Viewpoint 1: William Cheong, Digital Payments Consultant, APAC Asia Pacific, Entrust [~20min]
Viewpoint 2: Joshua Chong, Lead Consultant, Kapronasia [~20min]
What’s Next for Payment Cards
Globally, the number of payment cards in circulation at end 2021 was 25.2 billion and this is expected to rise to 30.6 billion by 2025. By 2025, the Nilson Report estimates that consumers using global branded cards issued in APAC will generate 288.01 billion purchase transactions (double the U.S. market) accounting for 44.86% of the world’s total purchases. What is driving this trend?
Identity & Authentication in Payments
Biometric Payment Cards
Development and industrialisation of contactless biometric payment cards has created a mature solution now being launched as premium products by financial institutions. They have passed card scheme testing, certification and approvals and costs continue to decline. This session explores the business case for biometric payment cards; biometric payment card product certification and testing; best practices from pilots and rollouts; latest developments enabling cost reductions and a volume market; recommended approaches to customer enrolment; and go-to-market strategie
Viewpoint 1: Romain Zanolo, Managing Director APAC, IDEMIA [~20min]
Viewpoint 2: Antonio D'Albore, Vice President Business Development Asia Pacific, Zwipe [~20min]
Marketing Biometric Payment Cards to Customers
A confluence of factors means that biometric payment cards are a product whose time has come. From 2022 to 2027 the global biometric card market is forecast to grow at a CAGR of 117.76% with APAC the fastest highest growth. Some industry experts believe that over time, all payment cards will transition to biometric authentication. This discussion explores how banks and other issuers should best market and promote these products to customers.
Expo, Refreshments, Networking
Targeting Card-Not-Present Fraud
Most card payment fraud today originates from Card Not Present (CNP) transactions. According to the European Central Bank, CNP fraud now makes up almost 80% of the total volume of fraudulent card transactions in Europe. The pandemic has significantly boosted e-commerce transactions and CNP fraud is likely to continue to increase. This session explores solutions available to card issuers and merchants for targeting the reduction of CNP fraud including new card technologies, mobile-based solutions and software solutions for banks and or merchants.
Viewpoint 1: Bhavana Ravindran, Head of Visa Developer Platform, Asia Pacific, Visa [~20min]
Viewpoint 2: Gautam Pande, Vice President, Product Management, Mastercard [~20min]
Viewpoint 3: Cyril Lalo, Founder, Ellipse [~20min]
Solving Customer Authentication for Online Transactions
EMV chip cards significantly reduced fraud in card-present environments, driving fraudsters online. But the success of reducing fraud in card-present environments has driven fraudsters online, where the capabilities of EMV chip cards cannot offer the same benefits. This discussion explores latest ideas about reducing CNP fraud.
Close of NGC2022 Day 1