Laying the foundations for the Australian payments system of the future.
The theme of our 2014 Review "breaking ground" recognises the new world facing us all as a result of the explosion of cloud, network and mobile technologies.
Our payments system has served us well, but thanks to the “always on, always linked” world being ushered in by our mobile devices, it must adapt, and fast. We are not alone, of course: nearly every industry faces similar challenges in relation to digital disruption.
But “breaking ground” is also a metaphor for the payments industry response to this new world. We have in the last year or so begun laying the collaborative foundations for new industry infrastructure that, we hope, will position us for future adaptation, innovation and competition.