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IMP OnLine

  • Wednesday 6/5/2020
    ECB

    Technological advancements, evolving consumer demands and intensifying competition are reshaping the retail payment landscape.
    In response to growing demand for faster and easier ways of making retail payments, a wider range of payments providers is now offering tangible payment solutions to match user needs. 
    Traditional banks are competing with new market entrants, such as fintech companies, tech giants and even wearables providers. Technological advancements have opened up a vast new world of possibilities for initiating and processing payments and integrating them more organically in consumers’ lifestyles.