From trading shells for goods to sending digital currencies around the globe, developments in technology are reflected in banking.
Money first arrived in the form we recognise now in 600BC.
Fast forward to 12th century Italy and people finally stopped storing their cash under their pillow, with the first official banks established.
It wasn’t until 1967, with the first ATM installed in North London, that digital technology really started to affect banking.
The digital revolution continued, with early mobile banking, followed by contactless payment cards in the UK. Making your money easier and more convenient to access.
Right now our wallet are being digitised, with payment information being carried on phones and devices instead.
The speed and ease of managing money will continue to increase, with banking becoming more accessible around the globe. One thing is certain wherever technology goes, money and banking will be close behind. .
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The Evolution of Banking
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The Evolution of Banking
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