CORRESPONDENCE FROM NEW YORK   The Digital Payments Revolution: What Next?

Cybersecurity

The payments landscape is undergoing a technological revolution, transforming how consumers and businesses exchange value. While cards and conventional digital payments are becoming increasingly dominant worldwide, they still face persistent challenges such as fraud , mostly driven by the sharing of user credentials and high costs. A promising new solution has emerged: tokenized payments using ephemeral tokens-digital "envelopes" containing value identified by single-use codes that eliminate