Credit card dominance in the US with high fees to merchants and lucrative rewards for consumers.
UPI in India, a government-backed system enabling direct mobile payments, particularly beneficial for the unbanked.
Alipay and WeChat Pay's closed networks in China, driven by QR code payments and integrated with other services.
Linkage between digital payments and financial services, changing creditworthiness and access to insurance/loans in India.
Impact on financial systems, with the challenge of avoiding excessive control by a single player, as seen in China.
Future possibilities for global cashless trends and potential disruptions in payment models.
Overall shift towards digital payments and its transformative effects on the global financial landscape.
As we look ahead, it's clear that the future of money will be shaped by a combination of technological advancements, regulatory decisions, consumer preferences, and the collective efforts of various stakeholders.
The ongoing evolution of payment systems and the emergence of new models will continue to reshape the way we interact with money, ultimately influencing the global financial landscape for years to come.