Ingenico’s Philippe Cece Discusses the Future of Digital Payments
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Ingenico’s Philippe Cece discusses the future of digital payments, the role of nexo standards, and how technology is shaping security and interoperability in the payments industry.
In a recent interview with The Green Sheet, Philippe Cece, solution architect at Ingenico, shared insights on the future of digital payments and the critical role of standardization through nexo standards.
Cece predicted that while traditional card payments will persist, there will be a rise in account-to-account and instant payments, with digital wallets and central bank digital currencies gaining traction. The role of Ingenico is to ensure secure and reliable payment acceptance across all transaction types, while nexo standards work to standardize and simplify merchant integration, and support emerging payment methods.
A key challenge in global payments remains cross-border transactions. Cece highlighted how nexo protocols facilitate international payments by offering a universal, non-proprietary ISO-based standard.
Security remains a top priority, with quantum computing expected to disrupt current cryptographic methods within the next 15 years. To prepare, nexo standards is initiating work to transition from classical cryptographic algorithms.
For merchants and acquirers, nexo standards provide a standardized approach to payment data exchange, reducing system complexity, cutting operational costs, and enhancing interoperability.
Cece emphasized that while interoperability is crucial, innovation must also be encouraged. Ultimately, technology should enhance both security and user experience, and collaboration across the industry is key to driving meaningful advancements.
Read the full interview on The Green Sheet
