By: worldnet On: July 28, 2016 In: Comments: 0

Payments Evolution

At the World Economic Forum’s Davos meeting in January 2015, Bank of England Governor Mark Carney noted that the financial services industry was at greater risk than ever before of being disintermediated, or cut out of its own markets, by new internet-based payments players. Since the turn of the millennium, many industries including restaurants, media, music and even the taxi business have been revolutionized by the internet: now the same revolution is happening in payments and financial services.

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