The Next Big Thing: Payments Platform as a Service

 

The breakneck rate of change in the digital payments space over the last decade has set the stage for a new concept: the Payments Platform as a Service.

The EMV liability shift in 2015 monopolized much of the industry’s time and attention, but insiders knew a whiplash would follow to catch up with tech advancements. Contactless payments were already on the radar when the U.S. flipped the switch for EMV, and brick-and-mortar shoppers were increasingly evolving into omnichannel consumers.

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