The Economics Of Payment Systems

the success of (and competition to) the "4-corner-model" in payments

17th December 3pm SGT | 8am CET


The success of (and competition to) the ‘4-corner-model’ in payments

17 December 3pm SGT / 8am CET

From theory to strategy and what next?




Is the old world of four-corner models and transaction fees to be replaced by platforms and everything-for-free ? Will the model that has served us well for decades and made many companies rich, be replaced by a model that makes the platforms rich by harvesting our data?


Banking and payments has been based on the 4-corner model for decades. Now we see the emergence of platforms (instead of 4-corner, we have any-to-any). This is not only an architectural reorg, it is also a commercial revolution. The “old” 4-corner model is based on fees (interchange. merchant fees, chargeback fees, terminal fees, …) – the new platforms are offering payments for free ! Terminals are provided for free, payments cost nothing …

Platforms start with a huge customer base and so can just “add on” payments as an extra feature – like adding video messaging to a text platform. Will this disrupt banks and acquirers and issuers and all payment service providers? Will all payments through platforms intermediating banks ? The platforms only offer the free devices and service in exchange for the customers’ data – is this what we want ? Will the regulators break the monopoly of platforms ?

Hear our panel with international top experts will discuss the strategic consequences, the new business models, the transformation of the industry.


Essential points for debate are:

– The economics of multi-sided platforms /network effects

– Impact of next-gen infra

– Towards a more collaborative and inclusive environment?

– Will platforms disrupt 4-corner models?

Wilko Bolt

Senior Economist at De Nederlandsche Bank

Piet Mallekoote

CEO Dutch Payments Association Currence (iDEAL), Amsterdam

Alex Cheng HSBC

Alex Cheng

Regional Sector Head TMT Sector, Asia Pacific, Global Liquidity and Cash Management, HSBC, Hong Kong

Steve Wiggins headshot

Steve Wiggins

Chief Executive, Payments NZ, Wellington

Milan ID photo

Milan Gauder

Executive Vice President, Product & Innovation Europe, Mastercard, London

A snapshot of this webinar registered attendees - see who's coming!

Organization Job Title Country/Region Name
Baroda Global Shared Services Ltd Vice President India
Mastercard EVP digital market solutions United Kingdom
Thales DIS Banking and Payment Services VP Eastern Europe Hungary
Project X Owner Germany
NTT Data Corporation Senior Specialist Japan
CYS Global Remit Pte Ltd GRC Singapore
China construction bank Director Malaysia
Bank of Thailand Expert Thailand
SWIFT Head of Payments Market Infrastructure (PMI) Strategy Singapore
Bird & Bird LLP Partner Belgium
Printec Group Business Development Manager Greece
FIN-PAY Technologies Head of Product Australia
IDEMIA Sales Director Fintech & Advanced Payment Products Singapore
Flagship Advisory Partners Senior Manager Netherlands
G×D Head of Strategy Germany
Naeco Partner Belgium
Infinitium Chief Executive Officer Malaysia
Feeney Ventures principal United Kingdom
Omise Payment  CEO Thailand
AusPayNet Project manager  Australia
Jumio Sales Management Singapore
SCC bv CEO Netherlands
HSBC SVP,  Payment Advisory Hong Kong SAR
Inception Technology  Regional BD Director Thailand
Amazon Web Services FSI BD Singapore
CleverAdvice CEO Italy
Thales Field Marketing Manager Singapore
equensWorldline SE Executive Adviser Germany
Inform Risk & Fraud Australia
KRUT Director Singapore
Japan Desk Manager Singapore
Peter Davey and associates limited ceo United Kingdom
Bank of Ayudhya Segment Intelligence Thailand
ETPPA Vice-chair Belgium
iFast Corporation Ltd Director United States of America
Open to New Opportunities Head – Products, Channels and Business Development Qatar
Transfast Ceo United Arab Emirates
University Malaysia Perlis PhD candidate Malaysia
Wordline Sales manager Malaysia
FIS Global Director Singapore
Lockstep  Managing Director United States of America
Central Bank of Nigeria Payments Policy Officer Nigeria
ANZ Bank Developer Singapore

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