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Frictionless Payments And Top Mobile Banking Innovation

PYMNTS

said its moving beyond face-to-face transactions by becoming the rails to eCommerce, mCommerce transactions and peer-to-peer (P2P) transactions. In addition, Visa is becoming the rails for government-to-consumer transactions (G2C) and business to business (B2B) transactions.

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Visa On Tap To Pay, Cash Displacement And B2B Payments

PYMNTS

Peer-to-peer (P2P), he said, is about $20 trillion, and encompasses remittances. McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds. The truth is that we are just getting started with the electronification of payments in North America,” he said.

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