The Future of Payments: How Fintechs, Crypto and Blockchain are Transforming Commerce

Published on July 24th, 2019

The global economy is powered by 125 million businesses.  Payments between those businesses are transacted over a variety of technologies. In the US, $2 trillion of the $58 trillion in payments generated by small business are “other” – new digital payment technologies including cryptocurrency and blockchain created by fintechs, banks and large players like Facebook and JP Morgan. Over time, the remaining $56 trillion will shift from paper checks to more digital forms. A sea change in the payments landscape is imminent, and in many ways, the US is behind in digital acceptance.

Vinay Pai is an experienced technology executive who has led high-performing international organizations. As the SVP of Engineering at, Vinay leads the technology teams that develop and deliver the product portfolio. In 2018, he joined the Forbes Technology Council.  Prior to joining, Vinay was SVP of Engineering at First Data, where he led engineering for the Clover point-of-sale product line. Earlier, Vinay held several leadership roles in the small business group during his eight years at Intuit, which he joined as part of the PayCycle acquisition.  Vinay has MS Electrical Engineering, BS Electrical Engineering and BA Computer Science degrees from Rice University.

Reception to follow.

This lecture is a part of the Technology Innovation Lecture Series sponsored by the Ken Kennedy Institute for Technology and Liu Idea Lab for Innovation and Entrepreneurship.

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