The banking sector is currently undergoing a revolution fueled by technology, with advancements in artificial intelligence (AI), machine learning (ML), robo-advisors, and voice payments paving the way for a more innovative and inclusive future. As these digital technologies become more accessible, banks and financial institutions must adapt to remain competitive and relevant.
In recent years, the fintech industry has been disrupted by the emergence of micropayments. Micropayments refer to small transactions that are typically less than $5 and are processed electronically.
In the complexities of today’s economy, with a high level of income disparity, widely spread income volatility, and sub-optimal business investment, exacerbated by an ongoing global supply chain breakdown and increasing inflation worldwide, businesses are facing tremendous obstacles to generating growth and prosperity.
Fintech’s latest tendencies focus on the optimization of financial processes of large, medium and small companies. Paying special attention to the way in which people consume and pay. Just 10 years ago it would have been inconceivable that instant microtransactions via phone would be so powerful in the current financial…