Recently, Business
Insider Intelligence has released a report which looks at the current
digital and cashless
payment ecosystem. This explores how the introduction of new
settlement services and such changes will impact the financial industry in both the short-term and the long-term. Using
forecasts, case studies and product developments from last year, it explains
how the digital transformation is revolutionising major industry
segments. The report reveals that behind the scenes payment processes and
stakeholders would remain similar. However, fintech
firms will be forced to make settlements as frictionless as possible.
Consumers
expect seamless payment systems
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