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The eCommerce landscape is shifting on multiple fronts, with sellers embracing digital channels and adjusting their business models to a new reality of customer demands. Similar to B2C eCommerce’s shift toward a direct-to-consumer model, the B2B space is seeing disruption fueled by buyers’ need for immediacy and a streamlined experience.
RTGS was designed to support high-value, interbank transactions, but P2P and C2B payments typically took a day or two to clear, were processed only during work hours and cost up to HK $200 (US $25.5) In addition, the rails are expected to benefit B2C payments. per transaction. Hong Kong required a new solution.
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