When contactless cards first became available in 2007, they weren't immediately sold to consumers. However, times have undoubtedly changed as millions of people now use it daily. As of September 2017, there were over 119 million contactless cards in use in the UK. According to UK … [Read more...]
The Dynamics Of International Payment Business
The world has become increasingly interconnected, and as borders blur in the digital age, so too does the nature of commerce. The international payment business, a cornerstone of the global economy, plays a pivotal role in facilitating cross-border transactions, driving economic … [Read more...]
Chinese Payment Systems: A Glimpse into Alipay, WeChat Pay, and UnionPay
China, with its vast population and thriving economy, has been at the forefront of digital innovation, especially in the fintech sector. Among its most significant contributions to the world are three renowned payment systems: Alipay, WeChat Pay, and UnionPay. These platforms … [Read more...]
FedNow Could Change the Payment Space Forever
One of the most awaited instant payment initiatives, FedNow Service, went live last month on July 20, 2023. Designed by the United States Federal Reserve, FedNow aims to bring significant changes to fintech and the payment space. The adoption of instant payments in the U.S. is on … [Read more...]
Transforming B2B Payments through the Digital Yuan
The integration of the digital yuan in B2B transactions marks a significant revolution in business payments. It has also transcended into e-commerce banking platforms wherein consumers accept cryptocurrency as a mode of finance. This article explores the impact of the digital … [Read more...]
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