The Pay Off

The Pay Off : How Changing the Way We Pay Changes Everything

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Description

How we pay is so fundamental that it underpins everything - from trade to taxation, stocks and savings to salaries, pensions and pocket money. Rich or poor, criminal, communist or capitalist, we all rely on the same payments system, day in, day out. It sits between us and not just economic meltdown, but a total breakdown in law and order. Why then do we know so little about how it really works?



As you read this, technology is dismantling payment barriers and governments are erecting them; cash is on the way out, and crypto and BigTech are fighting their way in. The Europeans are heavily regulated, the Americans oddly backward, and the Chinese hoping to lead the way forward. Challenging our understanding about where financial power really lies, The Pay Off shows us that the most important thing about money is the way we move it.




Leibbrandt and De Teran shine a light on the hidden workings of the humble payment - and reveal both how our payment habits are determined by history as well as where we go from here. From national customs to warring nation states, geopolitics will shape the future of payments every bit as much as technology.
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Product details

  • Hardback | 320 pages
  • 156 x 234mm
  • London, United Kingdom
  • English
  • 1783965843
  • 9781783965847

Review quote

"Payments are the most important things most people have probably never even thought about. Banks, tech companies, Central Banks, crypto firms and crooks all know that if you control payments, you may also control critical data and ultimately the world. The Pay Off cleverly dissects the workings and future of this geopolitical and technological war. A must read for anyone in business." - Bob Wigley, Chair, UK Finance, and author of Born Digital: The Story of a Distracted Generation
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About Gottfried Leibbrandt

A self-confessed payments nerd, Gottfried Leibbrandt is the former CEO of SWIFT, the cross-border payments network. Prior to that, he was a partner with McKinsey & Company. He holds degrees from Vrije Universteit Amsterdam, Maastricht University, and Stanford Business School.


Natasha De Teran is a former journalist, specialising in financial regulation and market structures. She has written for publications such as the Wall Street Journal, Times, Financial Times, Risk, Week, and Money Week. She was the head of corporate affairs at SWIFT from 2012 to 2019.
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