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mhd-ibrahim Mhd Ibrahim|   May 20, 2021

Why haven’t banks caught up with newcomers when it comes to digital payments?

I understand the issue of a newcomer offering a niche service that traditional payment processors did not address or did not know they needed to address. But why have banks lagged in offering digital payments or digital wallet services to their clients? Shouldn’t it be easier for them to enter the market when they have existing partnerships with common merchants like Visa, Mastercard, etc?

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