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For several years, mobile contactless payments were trapped in a scenario from the film “Groundhog Day”, in as much as next year was always going to be The Year of Near Field Communication (NFC). Suddenly, two major developments have put an end to the inertia.
Mobile payments are now coming of age in a big way, with mobile usage continuing its growing dominance in business-to-consumer (B2C) retail and the global cross-border business-to-business (B2B) payments industry.
The formation of Denmark’s DONG Energy from six separate energy companies in 2006 presented a series of challenges when merging departments, establishing a single treasury department and integrating areas such as payment systems. This case study describes two major projects undertaken by the group while working with Nordea.
In this interview with gtnews, Didier Vandenhaute a partner in PwC’s corporate treasury practice in Belgium and Bas Rebel, senior director treasury advisory in the Netherlands, offer their thoughts on the market dynamics of corporate transaction banking since the 2008 global financial crisis, new market entrants and other main drivers.