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digital and mobile payments

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BEIJING, May 8, 2017 -- A Chinese customer prepares to pay with Wechat in Bangkok, Thailand, May 5, 2017. It is a common thing in China to take no cash and pay with a smartphone, which is installed with China's Alipay or Wechat apps. With a smartphone, people can pay almost everything such as shopping, repairing car, paying a taxi and registering a hospital. In many other countries, payment with Alipay and Wechat is becoming a new trend. Alipay's parent company, Ant Financial Services Group or "Ant Financial," has more than 200 million users in 25 countries and regions. Wechat, China's largest social media company, has also grabbed dozens of markets around the world. (Xinhua/Li Mangmang via Getty Images)
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Mobile payments and blockchain have challenged the status quo of cross-border money transfers, putting pressure on traditional players. Yet money can be stubbornly hard to move, and the old systems hard to improve upon. A conversation between the leader of Zelle, a bank-owned mobile payments app that has eclipsed Venmo in transactions, and the CEO of 168-year-old Western Union, a leader in cross-border, cross-currency money movement and payments.rLou Anne Alexander, Group President, Payment Solutions, Early Warning ServicesrHikmet Ersek, President and CEO, Western UnionrModerator: Robert Hackett, Co-chair, Brainstorm Finance; Co-founding Editor, The Ledger; Senior Writer, FORTUNE
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