Another phenomenon is that payment becomes embedded into other services. This emphasizes the need for sufficient financial literacy as it may become more difficult for customers to keep track of their spending. This is coupled with the fact that instant consumer credit decisions can be incorporated into these services.
Regulators need to stay alert at least from two perspectives: first, to ensure sufficient consumer protection, and second, to monitor the development of consumer credit aggregates from the viewpoint of financial stability. It is worth noting that most of the new applications are still based on the existing infrastructure. This may impose restrictions on what can be achieved in terms of innovation.