Banking payment industry facing a significant risks because of digital payments methods. Any thoughts on its disruptiveness in the context of Disruption Innovation Theory Please.
Bank payments that rely on financial technology are largely technically secure, but what is wrong with them is financial literacy for their users so the risks are often the result of misuse and lack of caution in maintaining the confidential information of the credit card.
المدفوعات المصرفية التي تعتمد التكنولوجيا المالية هي مؤمنة من الناحية التقنية بشكل كبير، لكن ما يعاب عليها هو محو الأمية المالية لمستخدميها لذلك تكون المخاطر في الغالب نتيجة سوء الاستخدام وعدم اخذ الحذر في الحفاظ على المعلومات السرية للبطاقة الائتمانية.
@Maryam Irfan in Practical times, some thing like that may happen
In my opinion, the disruptive effect of the Fintech payment to banking industry is temporary as the banks are fast enough to adapt to the new technology. In addition, many Fintech rely on banks to ensure the smooth transaction of their business. In short, in my opinion, banks will still benefit from this disruption as they will have new channels for their financing activities.
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