Countdown to Money20/20: Money20/20 and Fintech Finance present: ‘The Payment Race: Round 2”
LAS VEGAS, NV (October 6, 2017) — This year, Fintech Finance and Money20/20 will join forces to present the second iteration of the #Money2020race. The competition sees six intrepid racers, each an influencer from the world of Payments and FinTech, set out across the great plains of North America to complete the 2,300-mile trip from Toronto to Las Vegas, using nothing but a single method of payment.
The race, which takes place this October, comes fresh off the back of the successfully received London to Copenhagen challenge in June for Money20/20 Europe. It will see the racers being allocated just one form of payments each to buy everything from their travel and accommodation to food and supplies. The payments being used include: Mobile wallet, Bitcoin, JCB Card, gold, contactless, chip and pin, coins and swipe and sign.
The race starts in Toronto on October 19th, with the racers required to arrive in Las Vegas in time for the opening of Money20/20 USA on October 22nd. Beyond the challenge of only being able to pay for their travels with a single payment method, each racer must also stop along the route to complete a series of daily challenges set by company sponsors and race event organizers.
The racers will take part in a discussion panel on October 25th at Money20/20, where there’ll be an opportunity to find out about their experiences and interview them individually.
Race organiser Ali Paterson, Executive Editor of Fintech Finance, believes that a second race in different countries will test the efficiency of cross-border and global payments.
“The race had never been done before so it offers a brilliant insight into the leverage that different methods of payment can offer users” says Ali. “When it comes to everyday transactions, consumers should have a choice – and that choice should not be dictated by the seller. We want to demonstrate that there is not one payment to rule them all.”
One of the race sponsors is Finastra, the 3rd largest Fintech company in the world. “For many years, people have been talking about the imminent arrival of a cashless society,” says Simon Paris, deputy CEO, Finastra. “I highly doubt they imagined gold bullion or checks making a comeback to bring this to fruition… but the race is on and as well as being good fun, it really highlights the changing payments landscape – as well as some of the cutting-edge technologies that are driving the shift.”
Tracey Davies, President, US Market, Money20/20, is looking forward to finding out which payment method wins the race. “With the ecosystem constantly re-inventing itself, the Payment’s Race is a fun way to put to the test the efficiency of today’s main payment methods. It’s a great way to bring fresh and real-time insight to Money20/20, ready for the industry’s smartest and most inventive people to discuss as they come together to create the future of money.”
There is still time to take advantage of this incredible opportunity to get involved with one of the most exciting events in the payments calendar. With a range of sponsorship packages to choose from, your company can be at the forefront of the payments industry, benefit from the fantastic exposure that this event will generate.
To follow the racers, visit the ‘Payments Race’ page and check out the various social media and YouTube channels.
For more information about Money20/20, visit: http://www.money2020.com
Founded in 2011 and acquired by Ascential plc in 2014, Money20/20 creates destination events where the most innovative people in payments, FinTech and the broader financial services industry connect. Famed for their high-impact networking, the Las Vegas (October) and Copenhagen (June) editions are widely considered unmissable by the industry they serve. The new Asian edition will debut in Singapore in March 2018. Money20/20 is the space where the industry’s smartest visionaries and innovators come together to create the future of money. Money20/20 is an Ascential event. www.money2020.com
About Fintech Finance
Fintech Finance are a young, dynamic group of filmographers, writers and Fintech Enthusiasts.
We combine our knowledge of the Financial Industry with our media expertise to provide in-depth and exciting coverage of everything Financial Technology.
From 3-D, Virtual Reality and Music Videos Fintech Finance are the maverik reporters of one of the most progressive industries in the world.
Our episodes speak with key decision- makers around the world who share their thoughts on emerging trends, breakthrough technologies and stimulating developments.
Our crew will travel the globe, from Mongolia, Mexico to Manchester we will get the scoop on the next big app that could change the world of finance.
About Ascential plc
Ascential is a global business-to-business information company that informs and connects the business world in 150 countries through market-leading Exhibitions & Festivals and Information Services.
Ascential powers the prestigious Cannes Lions festival for the branded communications industry, the world’s premier payments and financial services congress Money20/20, Spring Fair/Autumn Fair, the global fashion trend forecasting service WGSN, environmental risk data business Groundsure, e-commerce analytics provider One Click Retail and MediaLink, the strategic advisory and business services firm.
Ascential’s premium products enable focus, growth and value. The company provides customers with world class content and connections empowering their businesses to be the best informed and best connected. www.ascential.com.