Payments technology has been on a steady march for the last couple of decades. The introduction of smart phones and the development of new payments infrastructure has increasingly blurred the boundaries between offline and online payments. Credit and debit cards…

Adam Smith famously said – “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest.” What was left unsaid was that the baker…