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• This could include changes in taxation, licensing requirements, and advertising regulations.
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This convenience has made instant payments increasingly popular, especially among younger consumers who prioritize speed and ease of use. One of the most significant differences between traditional cards and instant payments is the speed of transactions. Traditional card payments can take several days to process, especially when it comes to transferring funds between banks. In contrast, instant payment systems facilitate real-time transactions, allowing users to send and receive money within seconds. This immediacy is particularly beneficial for businesses that rely on quick cash flow, as it enables them to access funds without delay.