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Since completing his acquisition of Twitter, now X, in October 2022, Elon Musk has been vocal about his desire to transform the platform into a real-time payments powerhouse. In an all-staff meeting...
In an increasingly interconnected global economy, cross-border payments play a crucial role in facilitating international trade, commerce, and financial transactions. However, traditional cross-border...
The prepaid card sector stands at a dynamic crossroads, marked by fierce competition and expansive growth. As we delve into 2024, several pivotal trends are shaping the future of prepaid cards, from g...
The real-time payments industry is evolving and expanding. Today, real-time payments reach 65% of demand deposit accounts, and they are increasingly faster and more reliable. In the next five years, 9...
The current model of the global economy functions in such a way that global capital is constantly growing. This is influenced by many factors, including globalization, technological progress, the deve...
Organizations are embarking on a transformative journey integrating Artificial Intelligence (AI) to elevate service delivery. Projections indicate that global IT spending will reach USD 5.1 trillion i...
Instant payments allow users to transfer funds in a matter of seconds. The convenience and transparency that this allows businesses to provide has led to growing adoption as users demand a seamless pa...
In an era of rapid technological innovation, the landscape of payment authorization is changing. The Reserve Bank of India (RBI) recently highlighted the necessity to look at alternatives to One-Time ...
The emergence of Variable Recurring Payments (VRPs) marks a significant milestone in the realm of open banking payments. These innovations are not only elevating security standards but also enhancing ...
Driven by convenience, speed, and cost, consumers have more payments choices than ever before, and companies are becoming more diversified in the options they offer and accept. While there are countle...
The payments evolution can be traced back to the early 90’s with the online sale of a Sting CD, the first-ever known e-commerce transaction. It was a transaction that oversaw the birth of a new era i...
PayTM is the first digital payment product I've used at scale in India. When RBI enforced the two factor authentication mandate for online payments, bill payments became a major PITA. By requiring use...