Remove AML Remove CCPA Remove PayPal
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Wallet wars: How digital payments are reshaping finance

The Payments Association

We are seeing strong adoption and demands for wallets like PayPal, Alipay, and WeChat Pay as they have evolved from basic payment tools to comprehensive financial ecosystems. Optty CEO Natasha Zurnamer highlights this shift: Digital wallets have expanded functionality well beyond the processing of a payment.

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Digital Identity Verification 

Segpay

Compliance with Regulations : Many industries, especially financial services, are subject to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which mandate the verification of customers’ identity to prevent illegal activities like money laundering, terrorism financing, and tax evasion.