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⍰ ASK How do EMIs contribute to the electronic payment ecosystem in the U.S.?

Electronic Money Institutions, play a big part in how we handle money electronically in the U.S. They use technology to offer flexible financial services, like digital wallets, prepaid cards, and easy international payments.

EMIs help more people join the financial system, especially those who find traditional banks tricky to use. Because they operate online and focus on digital tools, they're helping shape how we make electronic payments, especially for people who love using tech.

These institutions often bring in cool features and flexible ways to pay, making electronic transactions smoother. Even though regular banks have been around longer, EMIs bring a fresh and fast approach. This competition is good, as it pushes digital finance to improve and meet the changing needs of our tech-driven society.
 

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