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Payment Ecosystems

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Friday, June 24, 2022 at 10:51 AM filed under Diet & Nutrition postings

This report will be useful to anyone interested in developing and working with these ecosystems, from regulators to business representatives, to form their own strategies for the implementation and development of non-cash retail payment services in the context of their activities.

Building ecosystems has become a key priority for companies across industries. Banks, payment systems, mobile operators, technology companies, e-commerce - the largest representatives of these industries are trying to become a key provider of most services for the consumer.

Abroad, special successes in terms of building ecosystems can be noted from technology companies, such as American GAFA (Google, Apple, Facebook, Amazon) and Chinese BAT (Baidu, Alibaba, Tencent). The success of these cases lies in the fact that they were able to involve most of the participants in the external ecosystem into their inner circle, while payment played an important role in this. Each of the above companies, with their extensive ecosystem, has made payment a seamless part of the process of providing essential services.

Most companies in the local market strive to become a central part of their client's life. As payment permeates most areas of modern consumer life and business operations, industries whose key products are non-payment and even near-payment are beginning to enter the cashless retail payment market and provide their own solutions. The growing importance of ecosystems, as well as the changing role of payment, which has become a key component of increasing value in the industry from a basic service

You should study this area in detail and choose only proven and reliable payment ecosystems https://askwallet.io/payally so as not to be deceived.

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