Taking Off: Digital Wallets for a Digital World

Season 1, Episode 12 of Money Travels presented by Visa. #VisaDirect #MoneyMovement #MoneyTravels Pankaj Sharma and Ani Sane examine the rise of mobile wallets and what it means for behavioral economics as our finances go digital. Whether your wallet is tucked into your pocket, thrown in your purse, or a swipe away on your smartphone, the way you handle your money has an effect on your actions - whether intentional or not. Today, Pankaj Sharma, Global Lead, Wallets, Product & Commercialization, Visa Direct at Visa and Ani Sane, Co-Founder & Chief Business Officer of TerraPay, sort through what digital wallets are, what digital wallet usage means for our spending habits, and if cash will even be around in 20 years. We hope you enjoy this fascinating new episode of Money Travels, brought to you by Visa. Learn more about Visa Direct: https://corporate.visa.com/en/products/visa-direct/money-travels.html Connect with Visa Direct on LinkedIn: https://www.linkedin.com/showcase/visa-direct/ Visa Direct capability enabled through a financial institution partner. Visa Direct product availability and functionality varies by market. The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect the views or positions of any entities they represent. Visa neither makes any warranty or representation as to the completeness or accuracy of the information within this podcast, nor assumes any liability or responsibility that may result from reliance on such information and any information from third parties. The information contained in this podcast is not intended as investment or legal advice, and listeners are encouraged to seek the advice of a competent professional where such advice is required. All brand names, logos and/or trademarks are the property of their respective owners, and do not necessarily imply product endorsement or affiliation with Visa. This podcast contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to, among other things, our future operations, prospects, developments, strategies, business growth and financial outlook. Forward-looking statements generally are identified by words such as "believes," "estimates," "expects," "intends," "may," "projects," “could," "should," "will," "continue" and other similar expressions. All statements other than statements of historical fact could be forward-looking statements, which speak only as of the date they are made, are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond our control and are difficult to predict. We describe risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, any of these forward-looking statements in our filings with the SEC. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise. Availability varies by market. Please refer to your Visa representative for more information on availability. Visa Direct Wallet capability is under development and not yet commercially available. The information contained in this podcast is not intended as investment or legal advice, and listeners are encouraged to seek the advice of a competent professional where such advice is required. Visa Direct clients and participants should always consult and seek approval from their internal compliance teams on sanctions screening controls and processes, and are solely responsible for their own compliance with applicable laws and regulations. Optional compliance controls and risk management tools and services are provided solely for the convenience of [sending acquirers, service providers, merchants, and recipient issuers / the Visa Direct clients and participants, and Visa makes no warranties with respect to them or their results. Visa Direct clients and participants are solely responsible for their own compliance with applicable laws and regulations. This podcast describes controls for Visa’s internal compliance purposes. Visa Direct clients and participants should always consult and seek approval from their internal compliance teams on sanctions screening controls and processes. Visa Direct clients and participants are solely responsible for their own compliance with applicable laws and regulations. Use cases are for illustrative purposes only. Program providers are responsible for their programs and compliance with any applicable laws and regulations.