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Using AI for mobile payments. Enabling use of AI with payments. (Source: Shutterstock)

Over the past decade, the world of payments has witnessed an explosion of new technologies, marking faster and more efficient processes for individuals and businesses alike. While consumers have openly embraced and benefitted from digital channels, technology adoption has not always simplified the payment lifecycle for businesses.

A look back on two decades of payment evolution can give us an idea of what to expect in the future.

 

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