Thanks to our witnesses for being here today.
The advancement of mobile payments technology and usage seems to be a win-win-win situation. You have the payment networks which have less paperwork. They're using less paper and they also have less administration as a result. You have merchants who also have less paperwork, less paper usage, and less administration. Then you have the consumers who have greater convenience and ease of payment.
My question is for the Financial Consumer Agency of Canada. Who stands to benefit most from this new technology in mobile payments?