Event details Event cancelled
The Green Brain - Storey Hall, Building 16, Level 7, RMIT City campus
Despite their importance, payment infrastructures are little studied outside externally, while the rapid development of new value transfer systems internally exceeds the ability of experts to keep up.
The public lecture by Bill Maurer will address the question of the public interest in payments – the public good provided by the means of value transfer, and whether and how the state’s monopoly of the legitimate means of exchange (state-issued currency) is challenged by new, private payment infrastructures, which often “ride the rails” of public systems. The case study is mobile phone-enabled banking and payment, heralded as a boon for “financial inclusion”, the formalizing of informal or the “cash only” world.