Written by Modulr | Jul 24, 2025 11:00:00 PM
Retail payments are transactions made by individuals or businesses to purchase goods and services, with retail banking representing the non-wholesale market. These payments typically involve lower-value transactions and are processed through various methods, including card payments, bank transfers, digital wallets, and cash. Retail payments can occur in-store, online, or through mobile applications. Modulr enables businesses to optimise retail payments with embedded payment solutions, ensuring seamless transactions across multiple channels.