E-commerce and mobile commerce have dramatically changed the way brands reach customers, making it faster and easier for consumers to make purchases on the fly while avoiding the hassles of going to the store. This offers tremendous gains in convenience, but something crucial is lost when you remove the human element from the shopping experience. (Forbes, Oct 2012)
We’ll discuss the threats and opportunities for retailers , start-ups and financial institutes in a world where the boundaries between on line and off line commerce are blurring, the latest trends and different players who are trying to provide payment solutions and build digital wallets in a fragmented and complex global financial infrastructure and how Omni-channel retailing is creating new type of user experiences that will change commerce as we know it.
Oded Zehavi is PayPal’s Business Development Director. Until the beginning of this year Oded serve as regional director of PayPal Israel and Africa with overall responsibility for PayPal’s business growth in the region. In this role, he leads the rollout of new products, services and partnerships to increase adoption and usage of PayPal among consumers and businesses.
12. Almost Impossible To Make Any Change In The
Existing Payment Infrastructure
Handset
manufacturer
Retailer Handset OS
Issuers
merchants Acquirers
MC VI
Other
Financial
NFC reader
institution
Payment
PSP
GW
MNO POS OS
18. Merchants of all Sizes Struggling to Keep Up
Multi- Demand
channel Large merchants
Generation
Small and medium size
Global businesses Pace of
competition innovation
Sole proprietors
32. How Will the POS Recognize the Digital Wallet?
• payment will not survive as a stand-
alone app. It has to be part of a large
experience
• It's not just about payments, it's the
whole experience.