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FAANGs and Financials are Accelerating their Payments Push

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Last week, MRP highlighted the disruption that could be caused by online lenders. But that is only one variable of the equation. The other highly disruptive sector in financial technology is payments. This market primarily manifests in 2 forms: peer-to-peer transactions and purchases of goods and services. The U.S. volume of person-to-person payments sent online or via mobile phone increased 21% to $348 billion in 2017 from the previous year. Meanwhile, the total purchase volume on credit car...

 

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