Biography

Peter Vesco is an international leader with more than 20 years of entrepreneurial experience in digital and mobile services, the IT and financial services industries. In his current position as VP Payments and Digital Commerce he plays a decisive role in working with Diebold Nixdorf´s financial services and retail clients along their digital transformation.

About the company

Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. The organization is headquartered in North Canton, Ohio, USA. Visit www.DieboldNixdorf.com for more information.

Presentation

Payment in Europe facing major changes: cash on the decline

 

Alternative Payments (non-scheme-card, PSD2 payments) continue to take market share as consumers demand choice. Google, Apple, Facebook, Amazon & Co. enter the payments arena as do large Chinese powerhouses (Wechat and Alipay). “Hybrid” consumer behavior drives business models, omni-channel is the new normal and the proliferation of end-to-end mobile payment methods will further fight cash. Fintech 2.0 provides more mature and integrated use cases for consumers and more attractive business models for retail. Leading issuers are pushing mobile payments based on barcode and QR-code. Completely new products and use cases emerge, driven by regulation (PSD2, instant payment), technology (blockchain, AI, IOT) and the “sharing economy” (P2P).