Innovations Shaping the Future of Global Digital Payments [Video]

As digital payments reshape global commerce, navigating cross-border challenges has become essential.  Puneet Chopra, an expert in international finance, dives into the innovative strategies powering the expansion of digital payments, tackling regulatory hurdles, banking integration, and emerging tech trends.

The Global Expansion of Digital Payments

The rapid growth of e-commerce and cross-border transactions is transforming the global economy, with digital payments reaching new heights. Mobile transactions and digital wallets are expanding worldwide, yet face regulatory and banking integration challenges. Addressing these obstacles with innovative solutions is essential for sustainable growth in the ever-evolving digital finance ecosystem.

Navigating Complex Tax Regulations

A major challenge in expanding digital payments internationally is navigating varied tax structures across regions. Different taxation types, like VAT in Europe or sales tax in the U.S., each have unique compliance requirements. Emerging taxes, such as Digital Services Tax (DST), add complexity. Advanced tax calculation engines, along with automation tools for multi-jurisdiction tax reporting, are essential for …