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No-touch Payments refers to payments made by transferring money electronically through debit/credit cards and is expanding to include virtual payment methods such as online and mobile transfers. Artificial intelligence, machine learning, and blockchain are advancing the field of no-touch payments by enabling more secure and faster transactions. Digital solutions like No-touch Payments are rapidly gaining adoption, particularly in the wake of COVID-19. However, the risk of fraudulent activity and cybercrime, especially when dealing with high-value transactions, poses questions about the resilience of digital infrastructure if cash were to become obsolete in the future.

No-touch Payments

KEY TRENDS

Network Economy