{"id":1683,"date":"2019-11-18T14:42:52","date_gmt":"2019-11-18T13:42:52","guid":{"rendered":"https:\/\/way2global.sviluppo.host\/al-salone-dei-pagamenti-tutto-cambia-tranne-la-solidita-della-nostra-partnership\/"},"modified":"2024-08-05T10:39:32","modified_gmt":"2024-08-05T08:39:32","slug":"everything-is-changing-at-the-salone-dei-pagamenti-apart-from-the-strength-of-our-partnership","status":"publish","type":"post","link":"https:\/\/way2global.com\/en\/news-from-way2global\/everything-is-changing-at-the-salone-dei-pagamenti-apart-from-the-strength-of-our-partnership\/","title":{"rendered":"Everything is changing at the Salone dei Pagamenti \u2014 apart from the strength of our partnership"},"content":{"rendered":"
\n
\n

Way2Global was once again chosen as the language partner of ABI Servizi, a key player in the constantly evolving world of fintech<\/h4>\n<\/div>\n<\/div>\n

The biggest date in the payvolution calendar, the\u00a0Salone dei Pagamenti<\/a>\u00a0takes place at the Mi.Co conference centre in Milan in early November each year. Organised by ABI Servizi, the event has a packed agenda of sessions and workshops which shine a light on the world of payments and fintech, providing a comprehensive overview of the current situation in the industry as well as providing ideas and talking points for the future.<\/p>\n

Way2Global was back again this year as the Salone\u2019s official language partner, reflecting our leading position in the\u00a0banking\u00a0and\u00a0financial\u00a0translation sector.\u00a0Our\u00a0<\/strong>interpreting<\/strong>\u00a0service meant that guests from all over the world could take full part in the event,\u00a0<\/strong>enabling them to participate in even the most technical and specialist sessions.\u00a0This elevated the international appeal of the event<\/strong>, underlining Way2Global\u2019s status as the ideal partner in the now borderless financial sector.<\/p>\n

\u201cPayments in a hyper-connected world are open, reflecting our complex and global new society!\u201d<\/em>\u00a0Patuelli, 2019<\/p>\n

But we didn\u2019t just stop there: Being the language partner for the second consecutive year enabled us to develop a comparative analysis of the two editions of the Salone and\u00a0draw conclusions about what had changed in the space of a yea<\/strong>r.<\/p>\n

In 2018, the transition towards new payment methods increasingly quickened:<\/p>\n

\u201cThe world is increasingly moving towards mobile technology, and that goes for payments too: contactless, for example, is the new incumbent, and the same trends are being seen in digitalisation and non-physical cards.\u201d<\/em>\u00a0Tessitore, 2018<\/p>\n

As was the case last year,\u00a0Italy<\/strong>\u00a0is still\u00a0a little behind<\/strong>\u00a0in payment digitalisation, despite evident attempts to bridge the gap.<\/p>\n

\u201cThe data shows that Italy is lagging behind somewhat, but it is upping the pace and bridging the gap with the rest of the world. We have further confirmation of that here today.\u201d<\/em>\u00a0Ferrando, 2019<\/p>\n

\u201cIn Italy, we have lots of POS and lots of cards, but 80% of payments are made in cash. We must do more, not to create a cashless world, but to give consumers the chance to choose the best solution from a wide range of options \u2014 that is the one that will win through in the end.\u201d<\/em>\u00a0Quarenghi, 2019<\/p>\n

Security, ease and financial education initiatives for all is the mix of factors that could end up having a positive impact on the speed of the transition from the consumer perspective. Meanwhile, a system of incentives and investment could provide impetus for suppliers, considering the fact that the objective is not to eliminate cash \u2014 a safe, inclusive form of payment that\u2019s accessible to all people in total autonomy \u2014 but to reduce the use of cash, because \u201ccashless means growth and development at all levels and from all perspectives<\/em>\u201d Speranza, 2019<\/p>\n

Let\u2019s not overlook the fact that in 2018, as Luisi said,\u00a0\u201ctoday’s consumers, millennials, have clear demands particularly in the field of service customisation, simplicity, speed and digitalisation\u201d<\/em>. Yet the\u00a0consumer of 2019 has even more stringent demands<\/strong>, and the consumers of the future \u2014 Generation Z \u2014 are destined to further raise the bar.<\/p>\n

\u201cIf we don’t find a way to simplify payment processes in general, PayPal, Google and Apple risk doing to the financial industry what Amazon has done to e-commerce.\u201d\u00a0<\/em>Ambrosio, 2019<\/p>\n

\u201cThe payment systems that build close relationships with clients will be the successful ones<\/em>.\u201d Bosio, 2019<\/p>\n

That\u2019s true for both B2C and B2B clients.\u00a0\u201cThe B2B purchasing experience is increasingly similar to the levels of simplicity of B2C. Why should it be more complicated?\u201d<\/em>\u00a0\u00a0Giordano, 2019<\/p>\n

While the stars of the 2018 edition of the Salone were blockchain and Bitcoin, the 2019 edition centred around two powerful new tech players which are seen as potential game changers in the near future: Libra, Facebook’s\u00a0stable coin<\/em>\u00a0whose ease of access means it can legitimately aim to become a global currency and replace the dollar, and 5G, the new superfast internet connection:<\/p>\n

\u201cEvolution means doing better, revolution means doing more. 5G is a revolution because it will permeate the entire economic system.<\/em>\u201d<\/em>\u00a0 Riva, 2019<\/p>\n

Technology, user experience, security, capability and data<\/strong>\u00a0were the key concepts at the 2019 edition of the Salone \u2014 and indeed they are the keys to payment digitalisation.<\/p>\n

\u201cThe winner of this battle will be whoever can use new technology to maximise the use of data in a more qualifying experience for the client, minimising service costs without compromising on security.\u201d<\/em>\u00a0Sarrocco, 2019<\/p>\n

We live in an exciting time with plenty of opportunities waiting to be seized<\/strong>, technology to be developed and worlds to open up for consumers. The secret is to not stop here, and always try to keep one eye on the future, looking beyond the current situation to anticipate the changes coming in the near future.<\/p>\n

As we try to remain in step with the pace of change and keep our focus on the future, we look forward to seeing you at the next edition of the Salone, where we will find out what form the revolution will take in 2020.<\/strong><\/p>\n

 <\/p>\n

\"Al<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

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