Objectives On completion of this tutorial, you will be able to:

• List the key events in the evolution of money and payments
• Identify the different types of payments systems and networks
• Recognize the influential role played by EU regulation in shaping the digital payments landscape
• List the benefits and drawbacks of cash as a means of payment
• Define e-money and other forms of digital money
• Recognize the structure of the payments ecosystem and how the participants within it have evolved

Tutorial Overview New technologies, changing consumer behavior, and the opening up of the payments market to nonbanks has given rise to a global PayTech industry. With traditional bank incumbents under pressure from a host of nonbank operators, an exciting but more complex payments marketplace has emerged. This tutorial provides a high-level overview of that marketplace. Prerequisite Knowledge None Tutorial Level: Introductory Tutorial Duration: 45 minutes