Sector Focus 

The rise of the payment processors

The rise of the payment processors

It seems that cash is no longer king. Prompted by the rise of global e-commerce and internet-connected mobile devices, we are spurning physical money in favour of cards and other digital payment options. Indeed, according to Capgemini, global non-cash transactions grew 11.2 per cent during 2014-15, reaching 433.1bn: the highest growth of the past decade.

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