Card Usage is Declining to Digital Wallets: Fee Structure is Unsupportable and Facing Competition

Cashless | Rich Turin | Aug 27, 2022 FIS Global Payment report: here “Mobile wallets’ share of global POS transactions jumped over 21% YoY in 2021 rising to 28.6% of global POS transaction value, or over US$13.3 trillion. Cards are under attack from BNPL, digital wallets, fintechs, and in the near future CBDCs. All will

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