In the future, more employees might deposit their paychecks directly into digital wallets, bypassing traditional bank accounts altogether.
As consumer and business preferences shift toward tech-first digital payments, public and private companies are looking to address how people will pay in the future.
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In part one of our five-part Future of Payments series, we discussed how peer-to-peer payments are changing, and how they might one day bypass traditional banking rails and infrastructure.
In this post, we examine how the shift to faster payroll cycles could affect consumer payment and banking preferences — and have broader ripple effects throughout the economy.
