Cash out: the digital-payments revolution
The Intelligence from The Economist
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The Rise of Digital Payments
This chapter examines the shift from cash to digital payment methods, influenced by technology and fintech advancements. It compares the payment systems of advanced economies and emerging markets, highlighting innovations like India's Unified Payments Interface and mobile payments like M-Pesa. Additionally, it discusses the implications for financial inclusion, the ongoing role of credit cards, and the complexities surrounding cryptocurrency in today's financial landscape.
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