Kuroda: Evolution of Payments: Payment Systems for "Neoteric Individuals"

From boj.or.jp

I am delighted to be given this opportunity to speak to you at the FIN/SUM 2023. The main theme of this year's FIN/SUM is "Fintech, the era of 'Neoteric Individual.'" While the term "neoteric" is open to interpretation, I will be speaking today within the context of "moving forward" or "evolution." In a world where information proliferates owing to widespread access to the Internet and smartphones, the diverse decisions and actions of consumers -- neoteric individuals -- are based on the vast array of readily available information. Consequently, diversification of user needs related to financial services has ... (full story)