- Technology Repaints the Payment Landscape
As technology-driven payment ideas give cash a run for its money, the big winners could be established banks and credit card companies.
In developed economies, money has been digitizing for decades. Few Westerners touch a paycheck anymore. Through direct deposit, digital money is transferred electronically from our employer to our bank account every pay period. A similar process moves contributions into our 401(k) accounts or zaps money over to pay the rent, the utility bill, a student loan, or any other expense.
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