Use of cash has decreased while Payment as a Service (PaaS) platforms have increased during pandemic
The Payment as a Service (PaaS) is a service provided by a third party company that offers various merchants online services for accepting electronic payments by different payments method which include bank-based payments such as direct debit, credit card, real-time bank transfer and bank transfer based on online banking. It is the third party that allows the merchant to accept a wide variety of payments through a single channel, and this factor drives the growth for payment as a service market.
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