1. Dr Patrick Dixon Chairman Global Change Ltd ! TheFutureofMoney

2. ! ALLTRENDSARERELATED ! ! ! MOSTDEBATESABOUTTIMING ! 3. ! FUTURE of NOTES and COINS ! 4. ValueofEuronotes ! ! incircula@on2002-13CASH BOOM 5. !5 $ Trillions in circulation 2006-2012 Cash handling costs continue to be significant ! ! Young people use cash more 6. UK Cash 52% all payments in 2013 21.4bn - 19.9bn from 2009-13 7. ! How far into the future will it be before cash use falls significantly ? ! 8. ! One word will dominate ALL FUTURE 9. The future is about EMOTION 10. 13 11. 14 12. ! Why market research is an unreliable guide to the future 13. ! FUTUREofRETAIL ! 14. InmanyEUna@ons,upto70%ofretailspendingisin35%GDP Cashlessbus?cketsetcetc 27. ! 475 million to cities in Africa by 2030 Huge growth in remittances ! ! ! ! ! ! ! ! ! ! 28. 39 1.7bnmobilephoneusershavenobankaccount 400mwillbenewlybankedby2017-byMOBILEonly 29. Google Mobile Wallet Monetise (mobile payments for banks) Square startup ! 100mobilepaymentplaCorms launchedinlast5yearsbuthow manymetrealCUSTOMERneeds? 30. 41 31. 43 InUKalone.... Transac:ons>600billionpa Creditcarddebt>60bn Averagecardinterestrate16% 2%commissionsworth12bn Payments Doorway 32. 28malreadyuseonlinebankinginUK Expect1billionPaympaymentsbyend2018 33. Free mobile devices calls / web / TV / games / pay Higher income model 201020132015 Telco Banks Bank Telcos 34. BIGDATA BANKS ! ! Zettabyte = 1024 Exabytes Exabyte = 1024 Petabytes Petabyte = 1024 Terabytes Terabytes = 1024 Gigabytes NODATA BITCOINS ! ! 35. ! How far into the future will it be before cash use falls significantly ? 36. ! Cash will continue to be used very widely over the next decade, with huge emotional pull, but expect mobile payments to grow dramatically from 2018 37. Slides andVideos: globalchange.com ! Dr Patrick Dixon Chairman Global Change Ltd TheFutureofMoney