5 ways banks can compete in payments
We are moving into a new era in the way that value is exchanged and stored, with payment methods converging. Real-time account-to-account payments, combined with open banking, have reshaped the payments landscape in many markets (just take a look at the success of UPI in India). Digital wallets are increasingly popular, and the future potential for mobile wallets can be seen in China where 70% of consumers use wallets on a regular basis.
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