Global revenue from payment platforms that enables merchants to process payments will grow from US$106 billion in 2019 to US$158 billion by 2024, according to Juniper Research.
Payment platform Adyen is collaborating with Chinese leading payments platform Alipay to support payment methods for the AliExpress, Taobao, Tmall and Alibaba.com brands globally.
Michel van Aalten, Adyen country manager ANZ
According to the Australian Payments Network, payment fraud on Australian credit cards hit $476 million in 2017, surging from $218.1 million in 2016. As of 2018, online card fraud now accounts for 85 per cent of all card fraud in Australia.
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Thanks David, and thanks iTWire for continuing to cover this.