The global payment industry is rapidly evolving as technology continues to transform. Driven by mass adoption of cashless methods, payment schemes are making a significant contribution to improving convenience and customer experience. There are many examples: the expansion of China UnionPay outside of its home market, new European mobile schemes funded by current accounts, the disruptive entrance of wallets and other non-traditional players — these and many others continue to accelerate growth in cashless payments, and not just domestically but also across borders.
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