A representative of FIS, the largest fintech in the world, discussed prevailing trends in the world of payments relevant to B2C and B2B industries at a roundtable in Hong Kong earlier today.
Cryptocurrencies have raised hopes that paying for goods and services across borders will one day be as simple as making domestic payment. Will reality one day meet expectations?
Due to a lack of pre-payment control, demand for using credit cards for procurement purposes is still very low. However, recent developments in Australia could change all that.
Although Australian banks are introducing their own tech solutions, start-up digital players are making inroads with the help of a new government-backed incubator.
Banks have been experimenting with Ripple’s technology, which could make payments far more efficient, but a recent report questions whether it can handle larger volumes.
