These new parties, which are taking over the role of the banks, are coming up with their own systems and sometimes even their own cyber currencies. These Whatsapp Number List commercial parties are not subject to central supervision, as is currently the case. The central banks have no function here. This creates a situation in which, among other things, the control of criminal transactions and money laundering is not or insufficiently implemented. The question is therefore whether consumer property is still sufficiently protected.
Current legislation does not (yet?) have any rules with which these new parties must comply. Supermarkets and shops are also increasingly coming up with their own app as a replacement for the loyalty card. They are all increasingly interested in Whatsapp Number List customer data. Sooner or later, the customer will not only pay with an app on his smartphone, but the payment app will be combined with the customer app, so that one operation at the checkout is sufficient. This requires a central system where this is regulated.
This means that the bank's own payment app will no longer be available and the role of the banks in payments will be pushed even further into the background. Money on mobile phone. Currency become data The explosive growth of online services is changing the Whatsapp Number List meaning of transactions. The growing importance of data companies and their hunger for data mean that financial transactions are used to enrich customer profiles. In the digital world, this data is worth money. In this way, these companies earn double, both from the sale of products and services and from the data on such transactions.