A future-ready payment test function: The need of the hour
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Transitioning to next-gen payment capabilities
With evolving customer demands and regulatory environment, payment infrastructure needs to be augmented with next-gen capabilities to enhance real-time payments, adopt contactless payments, and ensure the availability of a robust payment ecosystem.
Banks and financial institutions must rejig the payment test function across various elements to transition to next-gen payment capabilities.
Some crucial aspects to be kept in mind while defining and executing the test strategy include: