![]() Digital payments can also be referred to as electronic payments. What are digital payments?Ī digital payment is the transfer of money or digital currency from one account to another using digital payment technologies, such as mobile wallets or mobile payment apps. With competition intensifying, value-added services can help digital payment providers, processors, payment systems, and payment gateways differentiate themselves and generate new, diversified revenue streams. In their place, card and electronic transfers will surge, while alternatives like installment loans and cryptocurrencies will threaten giants’ market share. ![]() Pandemic-driven digitization is changing the share of wallet as analog methods continue to decline.
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