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					                                         UNCTAD Financing for Development
                                                e-Finance for Development
                                                        Monterrey, Mexico
                                                               19.03.2002



U-Commerce:
Electronic Payments, Economic
Growth, and Financial Efficiency
     William Reid
     Global Product Director, New Platform Development
     Visa International




                                                                        1
u-Commerce:
Electronic Payments, Economic Growth, and Financial Efficiency
Monterrey, Mexico n 19.03.2002                                   2
Challenges and Opportunities

     Context
     Trends
     Segments
     Prescriptions

     u-Commerce:
     Electronic Payments, Economic Growth, and Financial Efficiency
     Monterrey, Mexico n 19.03.2002                                   3
Context


    1914
    21,000
    1 Billion
    2 Trillion
    u-Commerce:
    Electronic Payments, Economic Growth, and Financial Efficiency
    Monterrey, Mexico n 19.03.2002                                   4
U-Commerce:
Anywhere, Anytime, Any Way




     u-Commerce:
     Electronic Payments, Economic Growth, and Financial Efficiency
     Monterrey, Mexico n 19.03.2002                                   5
                      Ubiquity

                      Customization
Trends
                      Efficiency

                      Trust
  u-Commerce:
  Electronic Payments, Economic Growth, and Financial Efficiency
  Monterrey, Mexico n 19.03.2002                                   6
Payment
technology is
becoming
more
ubiquitous



    u-Commerce:
    Electronic Payments, Economic Growth, and Financial Efficiency
    Monterrey, Mexico n 19.03.2002                                   7
              Customization
              can empower
              any sector of
              any society
              anywhere
              in the world


u-Commerce:
Electronic Payments, Economic Growth, and Financial Efficiency
Monterrey, Mexico n 19.03.2002                                   8
 E-payments
 are
 efficient



u-Commerce:
Electronic Payments, Economic Growth, and Financial Efficiency
Monterrey, Mexico n 19.03.2002                                   9
E-
Payments
Engender
Trust




   u-Commerce:
   Electronic Payments, Economic Growth, and Financial Efficiency
   Monterrey, Mexico n 19.03.2002                                   10
Implications
e-payments:
    n Remove friction, increase efficiency =>
      strengthen the economy
    n Increase the banked population =>
      strengthen the banking sector and
      commercial lending
    n Benefit all players
    n Improve macroeconomic control, oversight
    n Free up liquidity
    n Improve tax compliance

     u-Commerce:
     Electronic Payments, Economic Growth, and Financial Efficiency
     Monterrey, Mexico n 19.03.2002                                   11
Prescriptions

    n Embrace payments technology for
      economic development
    n Support evolving structure of u-commerce
    n Strengthen domestic banking system
    n Review and align infrastructure with
      opportunities
    n Eliminate regulatory barriers to innovation



     u-Commerce:
     Electronic Payments, Economic Growth, and Financial Efficiency
     Monterrey, Mexico n 19.03.2002                                   12
Conclusion




     u-Commerce:
     Electronic Payments, Economic Growth, and Financial Efficiency
     Monterrey, Mexico n 19.03.2002                                   13

				
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