Today In Data: Jumping On A Fast-Moving Digital Payments Train
While cash is unlikely to ever disappear, the digitization of money is proceeding rapidly – and even arguably picking up speed. That’s visible in Visa’s strong earnings results last quarter and the rapid proliferation in the number of SMBs taking card payments – or even the changing shape of commerce entirely. As shopping of all kinds is moving online, the growth of digital payments is, unsurprisingly, following along. The trouble with a fast-moving train, however, is that jumping on and holding on can be tricky – and consumers and businesses can sometime struggle to be fully aware and caught up on those advances.
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