5 ways AI is changing the future for payments

Every time you receive a personalised recommendation on your favourite streaming platform, use Google maps to calculate the fastest route somewhere on the basis of traffic density or communicate with your digital ‘personal assistant’ you’re making use of Artificial Intelligence (AI).  

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What is a Merchant Category Code? And why it Matters to Business Owners

The use of cash to make payments was something which was already in decline on a global basis before the COVID-19 pandemic forced businesses to change the way they operate.

According to McKinsey, global cash transactions dropped from 89% of all transactions, to 77% in the five years leading up to 2018. While, over the five years between 2012 and 2017, the use of credit and debit cards as a payment method, almost doubled – rising from 5% to 9%.

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