Why read The Pay Off?

Book cover of The Pay Off: How Changing the Way We Pay Changes Everything

Book description

"Admirably lucid" - Gillian Tett, FT

"What happens when we make a payment is literally a multi-billion dollar question. This is a fascinating and entertaining insight into those seconds between clicking a button and money appearing in far-off accounts - and the changing face of those who profit." - Dharshini…

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Why read it?

1 author picked The Pay Off as one of their favorite books. Why do they recommend it?

David Birch

Author

One of the first things I learned when I started to study the topic seriously was that there is a great deal of confusion between payments and banking. Of course, money has different functions; we all understand that, but we live in a time when those functions are, in a way, jumbled together.

There is no fundamental economic reason why banks provide payment systems on such a large scale, and indeed, one of the major impacts of new technologies in the space may be to separate them. This is a timely and well-written book about payments and the extent to…

From David's list on the future of money.