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The Pay Off

How Changing the Way We Pay Changes Everything
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( 259 ratings, 20 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
The Pay Off by Gottfried Leibbrandt and Natasha De Terán delves into the intricacies of global finance, focusing on the challenges and transformations in the financial transaction system. The authors explore the evolution of payment systems, highlighting the growing influence of digital currencies and the impact of geopolitics on financial stability. This insightful examination offers a look at the future of monetary exchanges in a rapidly changing world.
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Format: Hardback
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book may appeal to you if you have an interest in understanding the intricate world of global finance and the significant impact of banking systems on international politics. Its insightful analysis and behind-the-scenes perspective can enrich your knowledge of how financial hubs influence current affairs.

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Money may be power, but payments are the real superpower.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

How we pay is so fundamental that it underpins everything – from trade to taxation, stocks and savings to salaries, pensions and pocket money. Rich or poor, criminal, communist or capitalist, we all rely on the same payments system, day in, day out. It sits between us and not just economic meltdown, but a total breakdown in law and order. Why then do we know so little about how that system really works?

As you read this, technology is dismantling payment barriers and governments are erecting them; cash is on the way out, and crypto and BigTech are fighting their way in. The Europeans are heavily regulated, the Americans oddly backward, and the Chinese hoping to lead the way forward. Challenging our understanding about where financial power really lies, The Pay Off shows us that the most important thing about money is the way we move it.

Leibbrandt and de Terán shine a light on the hidden workings of the humble payment – and reveal both how our payment habits are determined by history as well as where we go from here. From national customs to warring nation states, geopolitics will shape the future of payments every bit as much as technology.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Reviews suggest that The Pay Off provides a fascinating and accessible exploration of the complex world of payment systems, detailing their evolution and future prospects. It is praised for being both engaging and informative, with insights into how payment technologies are rapidly transforming the global economic landscape. The book's blend of wit, comprehensive analysis, and readability makes it a must-read for both finance professionals and general audiences interested in politics, economics, and technology.

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Book Details

INFORMATION

ISBN: 9781783966066

Publisher: Elliott & Thompson Limited

Format: Hardback

Date Published: 01 July 2021

Country: United Kingdom

Imprint: Elliott & Thompson Limited

Audience: General / adult

DIMENSIONS

Width: 156.0mm

Height: 234.0mm

Weight: 250g

Pages: 320

About the Author

A self-confessed payments nerd, Gottfried Leibbrandt is the former CEO of SWIFT, the cross-border payments network. Prior to that, he was a partner with McKinsey & Company. He holds degrees from Vrije Universteit Amsterdam, Maastricht University, and Stanford Business School. Natasha De Terán is a former journalist, specialising in financial regulation and market structures. She has written for publications such as the Wall Street Journal, Times, Financial Times, Risk, Week, and Money Week. She was the head of corporate affairs at SWIFT from 2012 to 2019.

Also by Gottfried Leibbrandt

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  • The Pay Off
    ‘Fascinating and entertaining… What happens when we make a payment is literally a multi-billion pound question.’ Dharshini David, author of The Almighty Dollar How we pay is so fundamental that it underpins everything – from trade to taxation, stocks and savings to salaries, pensions and pocket money. Rich or poor, criminal, communist or capitalist, we all rely on the same...
    Paperback
    $2299
    Available
    Ships in 4-6 weeks

Also by Natasha De Terán

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  • The Pay Off
    ‘Fascinating and entertaining… What happens when we make a payment is literally a multi-billion pound question.’ Dharshini David, author of The Almighty Dollar How we pay is so fundamental that it underpins everything – from trade to taxation, stocks and savings to salaries, pensions and pocket money. Rich or poor, criminal, communist or capitalist, we all rely on the same...
    Paperback
    $2299
    Available
    Ships in 4-6 weeks

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