An overview of the global impact of electronic payment
If there’s one thing that has consistently made a serious impact on global banking and finance throughout history, according to Steven Fisackerly, it’s technology.
The continued development of new tech has changed nearly every industry on the planet, including banking and finance. With all the inventions and innovations today, the world has experienced financial transactions in a way that people 60 to 70 years ago would have never thought possible.
Steven Fisackerly mentions electronic payment as perhaps the perfect example of how tech has changed the way people go about their daily lives. From the first credit cards to today’s online banking, people everywhere have enjoyed the convenience of payment, deposits, and withdrawals from anywhere.
And that’s not all.
Major credit card and IT companies have recognized that credit cards and online banking have their own share of problems, from credit card theft to hackers gaining access to bank accounts that are on the internet. Because of this, new technology has constantly been developed to make these modes of banking and finance safer.
Steven Fisackerly, for one, cannot wait to see what the future holds for banking and finance and what new developments will emerge to help make everyone’s lives better.
What future tech would you want to see implemented in the global economy? Feel free to share your thoughts with Steven Fisackerly in the comments section below.
