Advanced Payment Devices and Fintech

Payment systems around the globe have undergone significant changes and developments over the past decade. The technological advancements, multimedia innovations, financial crises, commercial shifts, and markets' globalisation have all led to the emergence of new advanced payment devices coupled with a rapid rise in non-cash payment transactions. Fintech companies have been quick to follow this trend while striving to enhance digital payment solutions. As payment transactions are a key component in any modern financial system, policymakers, courts and legal practitioners are now facing more challenges than ever before.