Money and financial services

Intermediaries
1. Governments
  1. Governments will collect more taxes because people will purchase through agents - additional taxes to pay e.g. BTW
  2. Passing laws that will require organizations to have transparent history and highly educated professionals
2. Organizations
  1. High demand for independent broker professionals for consultancy firms
3. Citizens
  1. People will only trust professional advices when buying products
  2. It will be much more convenient to buy products when there will always be experts that can give an advice
4. Communicators
  1. Communications on the value of intermediaries, independent experts and advisers
  2. Campaigns on the convenience of purchasing products and services based on advice of third party
Mobile, pre-pay and contactless payment
1. Organizations
  1. Higher demand for creating devices through which people can pay their bills
  2. Employment opportunities for people who work in IT sector
    1. Jobs for people who know programming, online banking and accountancy spheres
2. Citizens
  1. People will look for mroe convenient services like contractless way of payment
  2. Decreased value of money because of digitalization, people will not feel real paper and coins
    1. No possibilities to have private savings at home, all the money will be online
3. Communicators
  1. Communications have to focus on providing awareness about E-money and its insecurity
    1. About safe online ways to purchase and how to avoid online robberies
4. Governments
  1. Becomes easier for government to collect taxes and payments due to online banking system
    1. Government can take control over people's bank accounts if needed
  2. National currency might devalue because in all countries will be digital money
    1. No traditional illustrations and stamps to make money unique
Debt
1. Citizens
  1. The number of people taking debts will be increasing every year
  2. People will be using credit cards for daily shopping, not in exceptional cases (big purchases, holidays)
2. Organizations
  1. Financial planning companies, mortgage advisers will have least trust from people
  2. Increased demand of money lending companies. Even with high percentage interest rate
3. Governments
  1. Government will be in trouble if it will lend people money who have no income, no assets etc.
  2. There will be legislation and tighter controls on lending and borrowing money, so called "wealth warnings"
4. Communicators
  1. Communications would have to shame on Governments that have big debts
    1. In order to make society safer and without increasing debts
  2. Campaigns against taking debts, in order to change peoples behaviours and attitude towards taking loans

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Money and financial services

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	Created by Vytas Paulauskis about 12 years ago