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In this era of unprecedented speed and convenience in basically every aspect of consumers’ lives, it’s crucial that retailers, processors, acquirers, issuers, and anyone involved in the payments and commerce ecosystem meet the growing demand for frictionless transactions. Consumers are changing the way they pay for every kind of formal and informal transaction — to order dinner, buy furniture, and even split their rent. They’re becoming mobile-first, chip cards are becoming the standard in the U.S., and alternative forms of payment such as Bitcoin and other cryptocurrencies are becoming more prevalent. This means thousands of companies are competing and collaborating to facilitate these changes and earn consumers’ business.
“Having a global player like Facebook working on the mission [of increased transparency in international payments] could help bring the issue to the forefront of regulators' agenda, even if they ultimately don't believe that Libra is the best path forward... I'd hope conversations around access to local payment systems will move faster, since access is currently still heavily skewed toward banks.”Ordinarily, Payments & Commerce Pro would cost you $995 for one year.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »