{"id":115,"date":"2020-12-24T01:43:07","date_gmt":"2020-12-23T23:43:07","guid":{"rendered":"https:\/\/uapay.ua\/en\/?p=115"},"modified":"2020-12-24T01:43:22","modified_gmt":"2020-12-23T23:43:22","slug":"uafin-tech-conference2020-about-future-of-payments","status":"publish","type":"post","link":"https:\/\/uapay.ua\/en\/uafin-tech-conference2020-about-future-of-payments\/","title":{"rendered":"The future of payments was discussed at the UAFIN.TECH conference"},"content":{"rendered":"\n<p>Dmitry\nZarakhovich took part in the panel discussion &#8220;The Future of\nPayments&#8221; at the annual conference UAFIN.TECH 2020, which was held online\nthis year. The discussion was also attended by Konstantin Lezhnin, Deputy\nChairman of the Board for Retail Business of UkrSibbank, Evgeniy Lisnyak,\nSenior Director, Head of Strategic Partnerships at Visa in Ukraine, Georgia,\nCIS countries and Southeast Europe, Marius Parescius, Vice President for\nInternational Business Development at Paysera, James Allum, Vice President,\nRegional Chair Europe at Payoneer, and Dmitry Zarakhovich, Co-Founder, Managing\nPartner of UAPAY. The discussion was moderated by Christina Karmazina, head of\nthe e-commerce development department at PrivatBank.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/uapay.ua\/en\/wp-content\/uploads\/sites\/3\/2020\/12\/Post-uafintech2020-700.jpg\" alt=\"\" class=\"wp-image-116\" srcset=\"https:\/\/uapay.ua\/en\/wp-content\/uploads\/sites\/3\/2020\/12\/Post-uafintech2020-700.jpg 700w, https:\/\/uapay.ua\/en\/wp-content\/uploads\/sites\/3\/2020\/12\/Post-uafintech2020-700-300x300.jpg 300w, https:\/\/uapay.ua\/en\/wp-content\/uploads\/sites\/3\/2020\/12\/Post-uafintech2020-700-150x150.jpg 150w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/figure><\/div>\n\n\n\n<p>The world\nof payments will look very different over the next five years. The latest\ntechnological developments will focus on the use of biometric authentication,\nthe integration of mobile wallets, the implementation of blockchain\ntechnologies and the use of artificial intelligence to ensure uninterrupted\npayment security.<\/p>\n\n\n\n<p>According\nto experts, Ukraine is ahead of our neighbors in many areas of Fintech.\nMoreover, experts do not advise to reduce the interchange rate, because it is\nthe high cost of non-cash transactions that allows the payment business in\nUkraine to develop at such a rapid pace.<\/p>\n\n\n\n<p>The client\nis used to not pay for card issuance or non-cash transactions \u2014 all overheads\nare paid by the bank and the retailer. Although, in fact, the cost of the\ncommission is included in the price of goods or services. Therefore, if the\ninterchange rate is reduced, then the consumer will suffer the most, and retail\nchains will only save on money transfers, Dmitry Zarakhovich noted. After all,\nif the cost of acquiring transactions is reduced, the bank will be forced to\ntake money for servicing payment cards, in addition, the client will not\nreceive various pleasant bonuses such as cashback.<\/p>\n\n\n\n<p>According\nto Dmitry, in order to reduce the cost of transaction payments and not to\ndamage the development of the Fintech market, we need to go the other way. A\nyear ago, UAPAY took part in a pilot project of the National Bank of Ukraine to\nissue its own digital currency \u2014 e-hryvnia. And this project showed that the\ncost of a money transfer in e-hryvnia between both parties can be 5 to 20 times\nlower, depending on the type of transaction.<\/p>\n\n\n\n<p>Summing up\nthe results of the discussion panel, experts noted that the next year in the\nFintech industry will be primarily about payments, e-commerce, and\npartnerships. Therefore, the financial technology market in Ukraine will\ncontinue to develop rapidly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dmitry Zarakhovich took part in the panel discussion &#8220;The Future of Payments&#8221; at the annual conference UAFIN.TECH 2020, which was held online this year. The discussion was also attended by Konstantin Lezhnin, Deputy Chairman of the Board for Retail Business of UkrSibbank, Evgeniy Lisnyak, Senior Director, Head of Strategic Partnerships at Visa in Ukraine, Georgia, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15,2,14],"class_list":["post-115","post","type-post","status-publish","format-standard","hentry","category-news","tag-uafin-tech-2020","tag-uapay","tag-zarakhovich"],"_links":{"self":[{"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/posts\/115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/comments?post=115"}],"version-history":[{"count":1,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/posts\/115\/revisions"}],"predecessor-version":[{"id":117,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/posts\/115\/revisions\/117"}],"wp:attachment":[{"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/media?parent=115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/categories?post=115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/tags?post=115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}