Okay. So we are on time. So I'll just quickly get started. Hi, everyone. I'm Urvashi. I'm a product manager on Visa b two b connect team.I'm so glad to be among this audience, which is so highly intelligent and anticipated to to do great things. To start with, I when I was asked to speak on feature of payments twenty thirty internally in Visa, I always wanted to speak on something that the audience can connect to. And then I took a step back. Audience can connect too because payments is something which we which everyone does. There is nothing in payments that is hidden from us because we are the consumer. We are the most important piece of this puzzle that we call payments. So then it made me think that what are going to be the top five trends of payments in 2030.

And for this lightning talk, I'm going to focus on them. When I cover these five major trends in payments, I'm sure that you will be able to connect with at least one. Because you are the consumer, you should connect with one or more of these payment trends. And if you're not connecting, then there is a gap in the industry for sure. So at the end of this lightning session, I hope there is something that you're looking for payments 2030 because there is something for each one of us there. To start with, my two, two of the top trends are going to be related to b to b payments. Why so?

Because b to b payments is a $150,000,000,000,000 industry. You heard it right with a t. Trillion dollar industry. And everybody, every major player, whether it's fintech, whether it's banks, whether it's anybody who's related to payments, is trying to tap into that $150,000,000,000,000 industry. So the top two trends of b to b payments are going to be, one, faster b to b payments. It still takes around two to five business days to process b to b payments. If you own a business, you know what I'm talking about. You want to get some inventory maybe from China or India, and you have to wait two days for that shipment to be released because you're waiting on this payment to be delivered to the exporter you want to send pay funds to. We do have certain major players entering this b two b payment space, but it's not fast enough.

So by 2030, business will be able to deliver payments in real time, instant faster payments for b two b. And this is going to happen with much more tracking than we have today because, you know, with b two b payments, correspondent banking hops, you don't know where your payment is. So there is going to be greater transparency, greater tracking, and faster payments. So that's going to be the major trend of payments in 2030 followed by liquidity management. I know that businesses really face issue when they're managing liquidity. Whether they are on net 30 or net 45, managing their liquidity and anticipating where they'll be getting their next payment from is always a hassle. So in 2030, the next trend would be to predict the payments that will be to predict the payments that will be incoming and outgoing from your business because that is going to make a major difference.

major trend, that is going to be a part consumer, part business trend, which I always call is in half and half version of what we should see today, are checks. There are going to be no more checks post 2030. Every bank, every fintech, every business is working towards it. There are going to be no checks post twenty thirty. This will be archived dinosaur kind of situation where they did exist, and we might have some checkbooks lying around, which will be the fossilized checkbooks, but they won't be used they won't be a form of recognized form of business by any, major banks, and that's why checks are going to get archived.

They will no longer be, written tender of money. trend is very personal to me because I have always felt that there is a need to focus on cards liquidity management for consumers. And what I mean by that is when you make a payment, sure, you can choose any form of payment, whether it's Visa, Mastercard, or MX, and those options are shown to you by merchants on a website. But do you really choose a form of payment? Do you really know what is the remaining limit when you're paying by your Visa card? What is the remaining limit if you pay by Mastercard on this particular website? Are there any offers going on? So this is not built for consumers. It is actually built for merchants that is being used by consumer and is being sell sold to you as if you have that flexibility to choose choose the method of payment.

But it's going to get bigger and better by 2030. What you will be able to do is when you go to Macy's and you want to check which card should I use at Macy's, you can just open the bank app and they will tell you. And not necessarily a bank app as such, but you'll be able to open a fintech app where you'll be able to see how much money does each card that you possess allows you to spend in Macy's and which would give you the maximum return on the money you spend in Macy's today? That is going to be a bigger trend because you're consolidating the forms of payment, method of payment for the clients, and you're also giving them the value of the buck that they spend. And at the same time, there'll be offers that if you open a Macy's card today, which obviously they they tell you at the counter, but you will now be able to see it and actually compare it with the liquidity that you have in other cards. And that's going to be huge because that's going to, make a difference in the way things are done today.

Last but not the least, I do have one trend which you all would be interested in because it's all about making money. So by 2030, we do know that there will be, some p two p lending that will, be available through some tier two, tier three, lending companies that exist today, but it's going to go big. And I do see some players launching an effort to have p two p lending. Now what does p two p lending basically mean? I'm sure that you you have been in a situation where, a friend of you has come in and asked for some funds to do an immediate project or some, emergency that they need the funds for. You lend them the money, and they gave it give it back to you. This process is not formalized, and every year, there is assumed to be around 6 to $7,000,000,000 that are spent in p two p lending. You you heard it right.

It's b with a billion. That people are lending money personally, which are not tracked off. And, obviously, there is a large chunk of it that is written off because this works on trust system. There is no tracking of it. If the person that is giving you money is, has, you know, unforeseen circumstances where they are not able to track this money or something happens to them and they do not have a written tender for it, you don't get that money back. So there are lots of losses in there. Big banks are trying to get behind this wherein you will be able to check the credit, have an analysis of the properties or assets the client owns where you're lending the money, and you'll be able to see multiple clients that are requesting money at the same time. So the trust is now backed by data.

You don't have to use your own brain to look up data on, do I trust this person or not to lend them money? But now it will be backed by banks. They will be giving you, details like they do have FDs in multiple spaces or they have CDs that you can use to get your money back, and that will be used heavily in 2030. So this is the trend that is very personal to me because I have lended out money. I have seek money in few of the situations, and I think it's going to be big for banks, for tier one players in this industry to get behind this. So I think my bright idea for today will be p two p lending, which is going to make the space so much big, so much better, and each one will of you will have a part in it to play and make some money out there.

I think these were my five trends for 2030. I hope it helped you. And if you have any follow-up questions, very happy to connect on LinkedIn or here and to answer all your questions. Thank you so much, and I'm so obliged to be among such great people. And I'm really happy that I could share my thoughts. Let me know how you felt.