Having realized that increasing electronic payments can accelerate economic growth (more so in emerging economies, where GDP growth has a close correlation with the growth of e-payments), regulators across the whole world are taking calibrated steps to create the right environment for e-payments or react to developments in the fintech world.
However, at the same time, they must also put in place measures to manage security and fraud on existing and new payment rails. As a result, policies will sometimes lean more towards security than convenience.
Unfortunately, at times, there are local restrictions that prevent merchants from providing the best solutions. If not managed properly, this can significantly slow down internationalization efforts.
