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Mastercard: How Cloud Technology Is Revolutionising the Payments Landscape

January 25, 2023

How cloud technology is revolutionising the payments landscape

In the last decade, we’ve seen a huge rise in the number of markets looking to modernise their payment systems. Consumers and businesses alike want access to smooth, real-time and secure payments, and innovations in areas like cloud technology are playing a vital role in achieving this.

Cloud computing isn’t new and certainly not unique to the payments industry. Industries around the world are utilising cloud services to better meet their customers’ needs, as well as their own. But the growth in adoption is staggering, with research by GFT Financial finding that 86 per cent of bankers have now adopted cloud services to some degree to harness its virtually unlimited scalability.

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