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A big future for small payments? Micropayments and their impact on the payment ecosystem
The concept of micropayments has been around since at least 1960, but interest began to take off in the early 1990s with the growing use of the internet. Although almost all micropayment solutions released into the real world have failed to achieve widespread adoption, the idea is now attracting renewed attention from the retail payment industry – mainly owing to digitalisation, which calls for new ways to make payments. Consumers are increasingly facing situations in which efficient micropayment solutions could ease their online purchases, particularly as demand for online content grows. However, as such solutions ... (full story)