The rise of digital and real-time payments creates opportunities for businesses

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As consumers continue to swap their cash and paper checks for digital payments, businesses are taking note.

Convenience, speed and security are driving the use of digital payments across all categories: online, inside a mobile app, through a peer-to-peer payment platform, and in-store via a digital wallet. They have become so ubiquitous that more than 90% of consumers said they used some form of digital payment over the course of a year, according to McKinsey’s 2023 Digital Payments Consumer Survey.…

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Commerce Bank

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