In today's digital world, cards play a key part in the evolving embedded payments infrastructure. Modern payment systems have gained significant popularity due to their ability to leverage the latest technologies and enhance various aspects of the payments infrastructure. By incorporating card-based payment systems, the embedded finance platforms are unlocking new opportunities for financial innovation and inclusion. Some of the key card attributes in embedded finance include:

Card authorisations are critical processes that take place in every card transactions. Beyond simply checking if a cardholder has the funds available to to cover the cost of a transaction, an authorisation process is a security measure that gives card issuers and merchant a routine way to screen for potential fraud before it turns into a successful transaction.

In 2021, Mastercard and Visa processed more than 366 billion card transactions according to Statista, which is an increase of 72 billions from their 2019 pre-pandemic numbers. In terms of volume, Visa and Mastercard reported a payment volume of $11.46 trillion and $6.38 trillion respectively.

The payment industry is going through a lot of shake up. A confluence of events is reshaping the payments landscape and the dynamic between service providers, merchants and consumers. The current geopolitical situation, energy crisis, growing regulatory structures, commerce expectations, technology advancements and rising interest rate are a catalyst for the changes happening now and prompting for a total rethinking of strategies for many industries globally.