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Billion Dollar Deals and How They Changed Your World

  • Season 1
  • 3 episodes
  • Education

Summary

The story of how our world was changed by people we have never heard of, transforming our lives without us realising it had even happened.

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Episode 2: Money

Summary

Jacques Peretti explores the deals that shaped the way people understand money. From the invention of PayPal in the 1990s to the smartphone app economy that followed 10 years later, he reveals how technology giants brought about the digital payment revolution. He investigates why people are choosing to turn their backs on using cash, as card and contactless transactions become the most popular way for people to spend their money, and explores what is going on behind-the-scenes in the world of digitalised spending.

Review

A star rating of 4 out of 5.

Jacques Peretti looks at digital payment systems this week. Sounds dull? Not a bit of it: the nuts and bolts of the drive to rid the world of cash are fascinating, in a mildly disturbing way.

Peretti relates how when RBS were trialling the technology that would become contactless payments, they noticed that using it meant people didn’t just spend quickly, they spent [italics] more.[italics] (A scientist has located the unconscious “pain of payment” reflex in the brain that contactless can bypass.) Also: how a Vodafone subsidiary took over the money supply of Kenya.

How to watch

Next showing

There are no live broadcasts scheduled for this show.

Details

Formats
Colour

Credits

Cast

rolename
PresenterJacques Peretti

Crew

rolename
DirectorWill Yearsley
DirectorStuart Bernard
Executive producerEmma Cooper
Executive producerCeri Aston

All episodes

  • Episode 2

    Money

    Summary

    Jacques Peretti explores the deals that shaped the way people understand money. From the invention of PayPal in the 1990s to the smartphone app economy that followed 10 years later, he reveals how technology giants brought about the digital payment revolution. He investigates why people are choosing to turn their backs on using cash, as card and contactless transactions become the most popular way for people to spend their money, and explores what is going on behind-the-scenes in the world of digitalised spending.

    Review

    A star rating of 4 out of 5.

    Jacques Peretti looks at digital payment systems this week. Sounds dull? Not a bit of it: the nuts and bolts of the drive to rid the world of cash are fascinating, in a mildly disturbing way.

    Peretti relates how when RBS were trialling the technology that would become contactless payments, they noticed that using it meant people didn’t just spend quickly, they spent [italics] more.[italics] (A scientist has located the unconscious “pain of payment” reflex in the brain that contactless can bypass.) Also: how a Vodafone subsidiary took over the money supply of Kenya.

    How to watch

    Next showing

    There are no live broadcasts scheduled for this show.

    Details

    Formats
    Colour

    Credits

    Cast

    rolename
    PresenterJacques Peretti

    Crew

    rolename
    DirectorWill Yearsley
    DirectorStuart Bernard
    Executive producerEmma Cooper
    Executive producerCeri Aston
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