The Cashless Payments Summit returns for its third edition at the Emperors Palace Convention Centre in Johannesburg, and the focus this year will be on Vision 2025, financial inclusion, blockchain technologies and where South Africa and the Southern Africa Region stand with regards to latest developments in payments innovation.
With the ever-rising costs and dangers of handling cash, as testified by the recent and ongoing cases cash-in-transit robberies, there has never been a better time to explore smarter payment systems that are way safer than using cash when settling transactions. Yet, even as the finance industry pursues these innovations in payments, there needs to be a comprehensive education drive among consumers for whose benefit these systems have been designed. Just as banking and financial transactions have gone digital, so have cyber criminals followed the money onto cyberspace, where they prey on organisations and individuals with lax cyber security systems.
There is therefore need for consumers to be thoroughly versed on the latest payments systems, to equip them with knowledges on the processes and intricacies on these latest payment technologies and how to conduct them in a safe and secure manner. The 2018 edition of the Cashless Payments Summit, to be held on the 18th and 19th of October at the Emperors Palace Convention Centre in Johannesburg will address these questions, as well as explore the various ways in which cashless payment systems have improved customer experience in settling transactions.
The event will also look at the efforts being made by some organisations to include everyone in the latest financial status quo, the central bank’s vision for a revamp of all payment systems to world-class status by 2025. All the leaders in leaders in payments innovations will be there, to shape the future of payments in the region.