New Technologies in Digital Payments

Simran Mishra

Biometric Authentication: Verifies identity through fingerprints, facial, or voice recognition for secure and seamless payments.

AI & Machine Learning: AI analyzes customer behavior to boost security, predict trends, and personalize payment experiences.

Near Field Communication (NFC): Allows easy mobile payments with NFC-enabled devices like smartphones, tablets, and smartwatches.

Buy Now, Pay Later (BNPL): Enables shoppers to spread out payments with no interest, enhancing online shopping flexibility.

Payments-as-a-Service (PaaS): Cloud-hosted service supporting real-time and cross-border payments for banks and financial institutions.

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