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- October 24, 2019
- Innovative Payments
The world of payments is experiencing a series of change pressures coming from new enabling technologies (Open API, Artificial Intelligence, Instant Payment and Blockchain) and new devices (from the well-established smart phones to virtual assistants and smart objects) that will redefine user processes in terms of authentication, payment and purchasing.
2018 saw 40% growth in Mobile Remote Commerce, to reach a value of €8.4 billion, accounting for 31% of overall online sales. Mobile Proximity Payment is finally starting to make its mark, as it recorded 650% growth, to reach a value of over half a billion euro. Mobile Remote Payment reached a value of €900 million (+10%), with mobility services active in 460 local authorities, serving potentially 39% of the Italian population.
During 2018 Mobile Payment & Commerce in Italy began to have a significant impact on the overall payments landscape. The component that saw the biggest percentage increase was Mobile (...)
Digital identity differs from traditional identity because proximity or physical presence are no longer necessary for the different parties to recognise each other. Given its digital (...)