Credit cards are increasingly being ditched for smartphone payments. In the near future, all of your transactions might be completed by using your voice. Now that the advanced data that enables invisible payments is here, let’s talk about its potential – its virtues and its vices.

Fintech is often seen as something (confined by conventional thinking) that only “happens” in the traditional industry verticals of financial services – banking, pension and insurance. Much of the technological innovation is still centred in the financial domain, where large incumbent organisations rule. However, this is rapidly changing.

Given the ubiquity of the internet and the wide adaption of smartphones, a new arena for digital- driven payment services has arrived. While this has created a broad ecosystem for consumers to dive into, infrastructure providers are moving in the opposite direction.