Global Payments: And the Fintech Innovations Changing the Industry

by Carol Coye Benson

The essential requirements of payments users are also universal: safety, ubiquity, reliability, affordability, and usability.

It may be that payments systems developments in emerging economies are more important, as predictors of the eventual direction of the global industry, than innovations elsewhere.

The use of APIs to access digital services of all kinds is of course widespread, with significant and growing impact on payments. Increasingly, APIs are how financial institutions connect to payments schemes, to each other, to customers, and to partners.