13th November 2024 Digital Bytes
SMEs and digital payments: a transformative shift - the global landscape for SMEs is rapidly changing, particularly in digital payments, with a projected GDP growth of 75% driven by advancements in digital finance and embedded payment solutions. Currently valued at $2.5 trillion, embedded B2B payments are expected to reach $6.5-$7 trillion. These systems enhance cash flow management and reduce costs whereby benefitting both small and large businesses but, in time, will we look back and see examples such as DBS Bank's Token Services as a real ‘digital bank account’? Industry leaders such as PayPal, Square and Stripe are paving the way for digital transformation, emphasising efficiency and financial inclusion in an evolving economic landscape.
Central bank digital currencies (CBDCs) vs stablecoins: which of these will shape the future of money? - stablecoins and CBDCs are changing the face of money in the future; stablecoins propel decentralised financial innovation whereas CBDCs provide…
Keep reading with a 7-day free trial
Subscribe to Digital Bytes to keep reading this post and get 7 days of free access to the full post archives.