Challenge 1 - Square with space - RCN
Increasing speed and efficiency of government payments
Challenge -Urban Mobility Systems - RCN

Reaching sustainable, effective and user-friendly urban mobility systems

Challenge 3 -City Data - RCN
Challenge 4 - Square with space - RCN

Reactivating local economies through SMEs

Challenge 5 - Square with space - RCN
Strengthening government public service capacities

How can insights from payments data empower urban planners to develop future-ready cities?

Among public and private sector alike, there is growing recognition1 that well focused data insights and responsible public–private data collaboration can contribute to strategic decision-making with the potential to increase the prosperity of residents and businesses with greater accuracy, precision, and efficiency.
Challenge 3 - Banner - RCN
In today’s economies, data underpins everything, from international production processes to global e-commerce. According to IDC, the Global DataSphere is expected to more than double in size from 2022 to 20262. This large amount of data presents both as opportunity and a challenge for cities as they need to determine, from a large pool, what data will actually be useful to address a particular challenge. However, when used correctly, data insights can play a powerful role in building urban resilience.
Challenge 3 - Box 1 - RCN
Challenge 3 - Box 2 - RCN
An important source of urban insights can come from aggregated and anonymous payments data – collected when people or businesses make and receive digital or card payments. When aggregated, this data can provide a rich snapshot of actual consumer behavior, preferences, macro and microeconomic trends, and trends related to specific industries or services.

With the public sector more focused than ever on ensuring that resources and funds are spent effectively, insights taken from these spending patterns can serve as a powerful tool to help local and national governments develop informed and efficient policy responses. For instance, governments can make use of tourism insights to enhance tourism planning and support growth and digital public transportation insights can effectively enhance urban traffic planning, which can help cities reduce traffic congestion and manage local air quality.

Challenge 3 - Box 3 - RCN

Benefits of Tackling The Challenge

Many future ready cities are utilizing data and responsible public–private data collaboration to drive policy decisions that benefit cities and its residents:

Rapid and accurate insights on spend patterns

Strengthened understanding of macro and microeconomic trends

Improved policymaking

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