In the world of technology, it seems for a category to truly stand out and earn the ultimate title of “disruptive,” it first must go through a few other nomenclature-related steps. First, it’s defined as a trend, then an innovation, then as a penultimate step. It’s awarded a unique category name. While the name is more hype than substance in some instances, in other cases, it’s a distinct category worthy of its own label. One such category is Paytech. Like its older sibling, Fintech, it’s built on a simple combination of payments and technology. As it has grown, it’s changed how people, businesses, employers, and many other parties in a transaction, transact.
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