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The digitization of daily life is making phones and connected devices the preferred payment tools for consumers — preferences that are causing digital payment volume to blossom worldwide.
As noncash payment volume accelerates, the power dynamics of the payments industry are shifting further in favor of digital and omnichannel providers, attracting a wide swath of providers to the space and forcing firms to diversify, collaborate, or consolidate in order to capitalize on a growing revenue opportunity.See the rest of the story at Business Insider
See Also:
- Canadian consumers love credit card rewards
- Square has resumed its banking push after regulatory concerns
- JCB is launching a QR code payment service
SEE ALSO: These are the four transformations payments providers must undergo to survive digitization
