The Impact of AI on the Digital Payments Industry Today
Categories
Finance

In today’s dynamic era, artificial intelligence is gradually integrating into our daily lives, with virtual assistants like Alexa and Siri replacing traditional personal aides. AI-powered cameras, robots, and vehicles have also become commonplace, reflecting the widespread adoption of AI and digital transformation across various sectors, including the digital payments industry. The expansion of digital payment […]

How Algorithms are going to change the Payments Industry
Categories
Finance

Not too long ago, CEOs and major banks firmly believed that physical bank branches were indispensable for serving their customers. However, in the past decade, we’ve witnessed the rise of Digital Banks. These banks operate without physical locations yet successfully expand their user base and offer additional services such as insurance, mortgages, and loans. In […]

3 Things To Know About Point Of Sale (POS)
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Finance

For many modern businesses, utilizing a Point of Sale (POS) system is a crucial element that enhances sales optimization. This involves aspects like deriving marketing insights from product demand and effectively managing expenses, inventory, and staff. Often, POS-related terms are used interchangeably, leading to confusion between POS transactions, POS systems, and POS terminals. Here are […]

E-Wallets, ATMs, and what culture can say about your choice of payment method.
Categories
Payment

In today’s rapidly evolving payment industry, driven by digitization and fierce competition to cater to consumer demands, innovative solutions like digital wallets have emerged. But what sets digital wallets apart from traditional payment methods? This article explores the comparison between digital wallets and conventional ATMs while also delving into the influence of cultural preferences on […]

Top 8 Key Trends in Payments for 2023 & Beyond
Categories
Finance

The COVID-19 pandemic has permanently transformed the payments landscape, accelerating the shift to digital payments and reshaping the financial services industry. These emerging trends are influencing how consumers and retailers manage their finances. Real-time payments have greatly benefited both businesses and individuals, with examples like disaster payments in Australia and increased contactless payment limits worldwide. […]

Open Banking & The Consumer. What you need to know.
Categories
Bank

Introduction Since the introduction of PSD2 and the Open Banking initiative, much has been discussed about how these changes would affect banks and financial institutions. Topics like increased competition and accountability have dominated these discussions. The Consumer’s Role However, there has been little focus on the consumer’s position in this evolving financial landscape. Before Open […]