Future of Money & Payments

The concept of money has evolved at a breath-taking pace in recent years and has reached a tipping point, but before we look at some of the more recent developments, let’s take a look the changing faces of money in general & payments in particular from an individual’s perspective over the course of human history. The technological development has not only transformed how the form of money has changed but also how it is exchanged. The evolution of money as a mode of payment is over 10,000 years old. Let’s see how it changed over this period. Barter (9000 BC…...