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An Overview of the Payments Ecosystem in 2024

Clearly Payments

Furthermore, global payment volume reached a staggering $31.7 The proliferation of ewallet platforms and mobile payment systems over the past decade has also revolutionized the way consumers interact with financial services. trillion in payment volume. As of 2023, there were over 4.5

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The Rise Of Payments Laundering

PYMNTS

This is the watershed moment where payment hustlers evolve to using payment laundering, which Frechtling defines as shifting the flow of funds between payment methods. Knocking the Payment Hustler. Providers of alternative and emerging payments often find themselves unwittingly enabling crime.