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. […]
Barriers to entry are factors that create significant challenges for new businesses attempting to penetrate a specific market. These factors can provide advantages for established firms, allowing them to focus on research and development and high-quality product development without excessive worry about numerous competitors stealing their customers. However, when these barriers become excessively high, they […]