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The Daily Nation , quoting the report, said, “In devising their strategies, banks could focus on owning the next generation payments landscape (for example, contactless, QR, eCommerce, etc.) and building an ecosystem of value-addedservices to recapture share in everyday commerce and transactions,” said McKinsey Partner Tawanda Sibanda.
Shaw attributed this to the delicate position of a small business — in need of more robust services than the traditional retail banking, yet not quite up to the scale of large corporations. “The small business has long been underserved in the banking space,” the executive said.
Stripe is powering online commerce for merchants of all sizes through its suite of payment services APIs. Additionally, Stripe offers value-addedservices like fraud prevention and analytics to save customers money. Goal 1: Broadly enable Online Commerce. Online & offline payments. Source: Stripe. Series A, 2019).
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