As I continue my journey in the payments ecosystem I realize that the “pay by card” norm continues to fade as consumers and businesses are transacting by using their phones, watches, cars, accounts.

Money movement from either a tangible device or intangible origination point (such as an account) reminds me of electricity. We need electricity in modern society (just like we need payments) but we don’t see the current moving from the origination point to the lamp, router,device. We have transformed how we use electricity through cars, etc. just as payments continues to evolve.

I would say that the USA is behind as far as usage for the payment method (cards are still the norm for the mass market) but disruption is occurring in small pockets and broader adoption is inevitable.

The synergy between electricity and payments will continue as innovators continue to challenge the norms, invent more frictionless experiences and deliver the end output that we all depend on.

So the next time you turn on a light think payments and how the future is bright for both industries:0