Digital Payments Is Future for Everything We Do: Cohn

The video discusses the scale and future of global payment systems, highlighting the digitization trends in both regulated and unregulated markets. It predicts a shift towards highly regulated digital payment systems, especially in Europe and the USA, and explores potential disruptions in the payment space. The importance of aligning with existing regulations for success in the industry is emphasized.

What is the relationship between the global economy and the payment system as discussed in the video?

• The payment system is smaller than the global economy.

• The payment system is only significant in regulated markets.

• The payment system is as large as the global economy, if not larger.

• The payment system is unrelated to the global economy.

Which markets are expected to have a highly regulated digital payment system in the future?

• China and India

• Europe and the United States

• Africa and South America

• Australia and New Zealand

What are some of the requirements for digital payment systems in regulated markets?

• Only cash transactions

• No need for an audit trail

• No regulations at all

• Know-your-customer and anti-money laundering compliance

What is a key factor for success in the digital payment space according to the video?

• Ignoring existing regulations

• Aligning with existing regulations

• Disintermediating without a plan

• Focusing only on unregulated markets

What is predicted about the future of the payment space?

• No major disruptions are expected

• All current players will survive

• There will be both winners and losers

• Only unregulated markets will thrive