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But analysts anticipate a further shift as more financial services and greater interactivity are added, which is when mobile payments will become mobile banking.

In the UK, for example, just 1 per cent

the mobile phone is taking on extra roles as a place to keep money safe and move it around, as well as to acquire other financial services from trusted providers.

services are quickly expanding to include loan disbursement, bill payment and micro insurance.

In the next few years mobile banking apps will become the predominant means to access all routine banking services, from applying for a loan or overdraft increase to letting the bank know you are moving house

So while we are working closely with digital giants such as Apple, Samsung and Google to roll out their payment services, we’re also working with the banks to create their own payment functionality embedded within their existing hugely popular banking apps

The job cuts Citi is describing would add up to more than 1.8 million job losses from current levels in the banking sector in the US and Europe over the next 10 years.

As more transactions are automated and done on a mobile phone, we believe there will be a rebalancing of staff from transaction-based roles to advisory-based roles

digital currency will bring the same safety and ease of monetary transfer that the M-Pesa has to Kenyans to the roughly 40% of Ecuadoreans who don’t have access to a bank account. Plus, it offers Ecuadoreans the opportunity to start saving

What is increasingly evident is that the traditional role of banks is being reimagined by non-banking software and hardware companies

Bitcoin will increasingly enter the mainstream and challenge the traditional rails of finance along which money has moved.

Goods of all kinds can reach customers in places that just didn’t make financial sense in the past.

This leads to the increased competition for all kinds of things, especially for information-based products and services that the United States leans on for much of its economy. Digital currencies, Bitcoin in particular, will lower economic barriers.

It might be different kinds of loans, payroll and other small business services and specialized accounts that serve specific needs and populations.

Making will go mainstream

not just with the creative class, but with people who would never consider themselves to be traditionally 'creative'--opening up a whole population of pragmatists who now make extremely useful 'artwork'

In the past, innovative products flowed from rich countries to poor countries. By 2020, the pipeline may start flipping

Africa embraces technology to solve health and education challenges, it may start exporting its models elsewhere

By 2020, mobile money will have spread throughout Africa, enabling some of the 2 billion people without access to financial services to come into the formal system.

dark imaginings: The end of privacy and the continued rise of surveillance. The personalization of everything and the end of serendipity. Dependence on devices. Loss of human autonomy in the face of artificial intelligence.

Machines

running our lives to a very large degree...