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In 2009, a decade after PayPal started offering online payments, San Francisco-based startup Square brought payments innovation to the point-of-sale , allowing businesses with smaller transaction volumes to accept card payments with its card reader and mobile phone card reader. on payment volume. Source: Square. Get the full report.
In 2023, the company processed over 50 million transactions and achieved annual volume close to US$80 billion. Aspire’s platform has quickly gained popularity in Southeast Asia, tripling its annualized total payment volumes in 2023 to US$12 billion. Airwallex has raised a total of US$902 million, achieving a valuation of US$5.5
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ChromaWay announced that it had completed a full transaction on the platform in June 2018. Bank of China Hong Kong (BOCHK), for example, stated in mid-2018 that it processes 85% of real estate appraisals using its own private blockchain. This requires networks that can handle large transaction volumes quickly and efficiently.
For example, in 2018, 18% of American doctors reported treating a patient via telemedicine. Going forward, companies seeking to optimize their e-commerce capabilities may rely more heavily on conversational agents as the volume of online orders increases and consumers seek new ways to purchase goods and services online.
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