Digital payments are dramatically increasing around the world.
Global non-cash payments has observed an increased by 60% since 2015.
This rapid growth has been a results of technological innovation and increased
presence of regulation. Digital payments oer exciting opportunities
and many banks and other nancial institutions have been innovating
in the domain. Established nancial institutions, also also non-nancial
institution such as start ups or technology companies, are contributing
signicantly to nancial technology innovation in the payments market.
This article provides a comparison of two technological innovations and
challenges, provides the basis for a conceptual framework on how to compare
innovative digital payments solutions, such as future directions in
the evolving payments landscape.