Reimagining Cross-Border Payments: Simpler, Faster, Cheaper & More Accessible

3:10 PM - 4:00 PM

,

Tuesday

Bellini, The Venetian Level 2
Payments
Sponsored by:
Sponsored by:
Session Description

The biggest transfer of funds from the rich world to developing countries comes in the form of remittances—transfers from foreign workers back to friends and relatives in their home country. The World Bank estimates that nearly $600 billion in remittances are sent globally each year. Thus, cross-border remittances are a critical financial lifeline for many people around the world. New use cases for P2P cross-border transfers, such as tuition payments, and emerging technologies, including digital currencies and real-time payments, are opening new corridors for P2P payments and expanding existing ones. But fees of up to 29% are still being charged on money transfers between some countries. Despite a pledge by the G8 in 2009 to halve the world’s mean remittance fee to 5%, the average transfer fee is more than 8%. The market is still dominated globally by a few major players although vibrant with new mobile and online money transfer solutions and business models. Join this panel of innovators as they discuss the daunting challenge of reimagining cross-border payments to make them simpler, cheaper and more accessible.

Panelists / Presenters
Speakers / Panelists
Ismail Ahmed
CEO & Founder
WorldRemit
John Kunze
VP of Global PayPal Consumer Products, Xoom and TIO Networks
PayPal
Jed McCaleb
Co-Founder
Stellar Development Foundation
Hank Uberoi
CEO & Executive Director
Earthport
Moderator
Jon Steitz
Partner
McKinsey & Company
Panelists / Presenters
Ismail Ahmed
CEO & Founder
WorldRemit
John Kunze
VP of Global PayPal Consumer Products, Xoom and TIO Networks
PayPal
Jed McCaleb
Co-Founder
Stellar Development Foundation
Hank Uberoi
CEO & Executive Director
Earthport
Hosts
Hosts to be confirmed
Judges
No items found.
Presenters
Coming Soon
Track
Description

The fundamental shift from physical cards, checks and currency to digital payments continues to transform the way consumers and businesses transfer value. Take a closer look at the most impactful new technologies and approaches for moving money, including mobile wallets, P2P and real-time payments systems.

Monday Emcee: Dan Van Dyke, Business Insider

Tuesday Emcee: Kim Gerhardt, Edgar Dunn & Company

The fundamental shift from physical cards, checks and currency to digital payments continues to transform the way consumers and businesses transfer value. Take a closer look at the most impactful new technologies and approaches for moving money, including mobile wallets, P2P and real-time payments systems.

Monday Emcee: Dan Van Dyke, Business Insider

Tuesday Emcee: Kim Gerhardt, Edgar Dunn & Company