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Growth : In regions such as Southeast Asia and Latin America, bank transfer payments have grown by 20% annually due to increasing banking access. Faster Payments (U.K.), Projected Growth : The cryptocurrency market for payments is expected to grow to $250 billion by 2030 as stability increases and regulatory frameworks develop.
These developments include the launch of cross-border QR payment linkage between Singapore and Indonesia , and between Singapore and Malaysia , as well as establishment of connectivity between Singapore’s PayNow and Malaysia’s DuitNow , two national real-timepayment systems.
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