September 16, 2019

Diginomic Quotable Resources

– Stralfors-Sweden blog; “Digital economy creates both threats and opportunities.”

Diginomics, the digital economy, has changed the field of play completely. It creates enormous opportunities for new business startups. And major risks for established companies.”

McKinsey & Company – Insights & Publications page – “The Global Grid”

“Only one in ten US dollars in circulation today is a physical note—the kind you can hold in your hand or put in your wallet. The other nine are virtual.”

 Philip Clarke, Group Chief Executive, TESCO PLC, England; speaking before the World Retail Congress, Singapore, Mar.20, 2013

“Around the world, global e-commerce activity hit $1 trillion in 2012 – driven by a 33% increase in Asia Pacific. And this year (2013), research suggests that Asia Pacific will overtake North America as the number one market for online sales.”


May 4, 2012
MasterCard’s mobile development VP, James Davlouros

INTERVIEW: MasterCard exec talks mobile payments

The tap-and-pay technology available in a growing inventory of smartphones is drawing a lot of commercial stakeholders. A MasterCard executive in mobile development says in this interview: “The phone is not just a form factor. The phone is about the experience of shopping and being involved in the whole payment process. It’s about cash replacement and providing flexibility.”

Time to Cash Out: Why Paper Money Hurts the Economy
By David Wolman 05.22.09
WIRED magazine 17.06

“In an era when books, movies, music, and newsprint are transmuting from atoms to bits, money remains irritatingly analog. Physical currency is a bulky, germ-smeared, carbon-intensive, expensive medium of exchange. Let’s dump it.”

“POS: Coming to a Smartphone Near You
Smartphone technology gives businesses and consumers payment flexibility.” June 2012
Paul Cwalina
, a senior vice president at First Data, which processes payments for millions of businesses and helps power Google Wallet, the Internet giant’s foray into mobile payment.

“The mobile POS (Point-of-Sale) … allows us to capture valuable data that gives us a better idea of our customers’ spending and buying habits. For example, we know that if offered the opportunity to use a card versus cash, the card user is likely to spend more. I think it’s going to become a way of life. Credit cards are going to be used more rarely, and mobile is going to happen a lot faster than plastic. This is not a fad.” (emphasis added throughout)

Alistair Goodman, Placecast CEO;

“The future of commerce is being dramatically transformed by smartphones, putting consumers in control. Consumers like convenience, to save money and to be rewarded for their business … We expect to see even more exciting avenues for monetization emerge as more people open up their mobile wallet.” ~ Paymentsnews, June 28, 2012

Carl Scheible, PayPal UK managing director

“We’ll see a huge change over the next few years in the way we shop and pay for things. By 2016, you’ll be able to leave your wallet at home and use your mobile device as a 21st-century digital wallet.” ~ International Business Times – UK Edition; Nov. 24, 2011