Central Banking

Payments after 2010

A new book from payments visionary Harry Leinonen of the Bank of Finland looks at how people will make and receive payments in the second decade of the 21st century and beyond.

Extrapolating today's payment habits and trends, the author finds that the mobile phone seems likely to become an important device for initiation and acceptance of payments. His research also indicates that the information conveyed as part of a payment transaction will be extended to encompass all information necessary for

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