2018 Australian Payment Summit to tackle key issues

MEDIA RELEASE

8 November 2018

2018 Australian Payment Summit to tackle key issues

Open banking, the power of social media platforms, data security and privacy, and new regulatory reforms feature prominently in the agenda for the 2018 Australian Payments Summit - the industry’s flagship annual event – to be held in Sydney on 26-27 November.

Convened by the Australian Payments Network, the self-regulatory body for the Australian payments industry, in collaboration with Europe-based Currency Research, this year’s Summit will kick-off with a keynote address from the Governor of the Reserve Bank of Australia (RBA), Dr Philip Lowe.

Following the success of the inaugural one-day Summit in 2017, this year’s event has been expanded. Proceedings over two full days will feature an exceptional line-up of speakers and panelists from countries as diverse as Australia, Canada, Belgium, Hong Kong, the Netherlands, New Zealand, Singapore, the UK and the US.

A key highlight of this year’s summit is a regulatory panel session on Day 2 where senior representatives from the Productivity Commission, APRA and the RBA will examine the recent changes and recommendations to the regulatory frameworks designed to encourage further innovation and competition in the financial system.

The Regulatory panel is timely, coming less than three months after the publication of the Productivity Commission’s Report into Competition in the Financial System that included a number of policy recommendations for the payments sector.

AusPayNet CEO, Dr Leila Fourie, said the Summit was a rare opportunity for a diverse range of participants to discuss the latest industry developments and trends with local and international experts, regulators, and innovators.

“This year’s theme “Payments in the Platform Economy” highlights that data and digitisation are shaping a new era of super platforms. Our Summit will explore key global trends from three perspectives - consumer preferences, advances in technology and regulatory changes - and consider the implications for Australia,” Dr Fourie said.

Separate sessions on the opening day of the Summit will explore the emerging role of social media players in payments ecosystems, and the Open Banking experience in Europe with experts from Deutsche Bank and the European Banking Federation.

Panels on fintech innovation and a comparison of proprietary card systems in Australia and Canada also feature on Day 1, while the second day’s sessions include panels on emerging business models in payments and case studies in the application of blockchain in payments.

“Given the complex and diverse payments landscape, openness and collaboration are more important than ever. Our Summit brings together participants from across the payments community and offers a wealth of networking opportunities. We invite everyone with an interest in payments to join us,” said Dr Fourie.

Other speakers and panelists over the two days include representatives from:

WeChat Pay International
Digital Transformation Agency (DTA)
Interac Corp
Payments NZ
PayNinja
Stone and Chalk
Visa Inc
Standards Australia
eftpos Australia
everiToken
JP Morgan
TransferWise
Australian Digital Commerce Association
Cochlear
Volt Bank

Full program and registration details are available on the Australian Payment Summit website.

ENDS

Contact: Nicholas Owens, Sefiani Communications Group, on behalf of Australian Payments Network: +61 421 977 062, nowens@sefiani.com.au

Kurt Graham, Sefiani Communications Group, on behalf of Australian Payments Network: +61 43147 8558, kgraham@sefiani.com.au

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