Traditional payment avenues, such as cash and cheques, are being systematically replaced by innovative electronic forms of payment as markets respond to growing demand. Rapid consumer uptake of electronic payment systems has meant that some countries’ banking systems are rushing to catch up and are currently very busy perfecting community electronic payment systems that can cope with an extraordinarily high volume of paperless transactions.
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November 4, 2011
International Payment Processing: The Rise of Local Electronic Payments
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