Evolution of Digital in Finance & POS Systems

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    1995
    • Coca Cola receives credit for first mobile payment transaction in 1997
    • Cashback introduced
    • Ebay & Amazon founded
  • 2000
    • Ecommerce business models emerge
    • Direct trading designed with CME Group’s Globex
    • Paypal launches in 1998
  • 2005
    • Chip and PIN systems introduced and made mandatory in 2006
    • Card spending exceeds cash
    • Shopify founded
  • 2010
    • Contactless payments launch, tied in with proliferation of mobile phones
    • Crowdfunding for startups
    • Google launches Google Wallet
  • 2015
    • Mobile banking becomes no. 1 choice of users vs visiting branches
    • Cloud technology brings banks closer to consumers
  • 2020
    • Global fintech investment hits $59.5B
    • Blockchain use cases grow, as does Bitcoin
  • 2025
    • Digital and contactless payments
    • Digital-first and cloud native tech will capture consumers
    • Headless and easy-to-setup billing for SMBs