A fundamental change in payments has occurred, as digital payments have started to become the norm for most businesses and individuals alike. Traditional cash-based transactions and credit or debit cards are slowly becoming obsolete due to the widespread popularity of these innovative solutions.
The real reason behind this massive popularity lies in its ease of usage, efficiency, speed, and security. According to a study by Grand View Research, the global digital payment industry is forecasted to reach $361.30 billion by 2030, growing at a CAGR of 21.1%.
