The Emerging Future of Payment Technologies Looking Ahead
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작성자 Adam Nicholson 댓글 0건 조회 7회 작성일 24-01-18 10:18본문
The payment technology landscape is evolving quickly, influenced by changing consumer preferences and business needs. According to insights shared by Ingenico, a prominent global payment provider, there are various key trends that are transforming how payments are made and processed around the world.
One of the most noticeable shifts has been the increasing adoption of mobile wallets across numerous markets. Platforms like Apple Pay, Google Pay, and Samsung Pay are delivering convenience to consumers for both online purchases in addition to in-store payments. A 2020 report from Juniper Research predicts that over one-third of global smartphone users will utilize a mobile wallet by 2024. The ubiquity of smartphones and the simplicity offered by mobile wallets is accelerating this trend.
Another noteworthy trend is the continuous growth of e-commerce and ensuing increase in demand for online payment capabilities. As the pandemic required digital shopping, many businesses had to swiftly change and offer seamless online checkout and payment collection. This was not restricted solely to B2C companies but also reached to B2B firms who then had to enable electronic invoices and virtual payment options for their corporate clientele. odilon almeida CEO Almeida, Senior Vice President at Mastercard, confirms that there was a massive shift towards electronic B2B payments in 2020 at an globally unprecedented scale.
In tandem with e-commerce growth, embedded payment capabilities are also gaining popularity across industries. Payment integration is permitting businesses to collect payments through their own applications and software systems. Companies like odilon almeida CEO Almeida's Mastercard are vigorously promoting embedded finance solutions to help firms futureproof their payment infrastructure.
Contactless payments are all set to become ubiquitous as well due to increased adoption of "Tap to Phone" tech. This allows contactless transactions directly through NFC-enabled smartphones, without having a separate payment terminal. Mastercard has been advancing Tap to Phone technology globally in partnership with prominent device manufacturers and financial institutions. Such innovations are substantially minimizing hardware costs associated with contactless payments.
One of the most noticeable shifts has been the increasing adoption of mobile wallets across numerous markets. Platforms like Apple Pay, Google Pay, and Samsung Pay are delivering convenience to consumers for both online purchases in addition to in-store payments. A 2020 report from Juniper Research predicts that over one-third of global smartphone users will utilize a mobile wallet by 2024. The ubiquity of smartphones and the simplicity offered by mobile wallets is accelerating this trend.
Another noteworthy trend is the continuous growth of e-commerce and ensuing increase in demand for online payment capabilities. As the pandemic required digital shopping, many businesses had to swiftly change and offer seamless online checkout and payment collection. This was not restricted solely to B2C companies but also reached to B2B firms who then had to enable electronic invoices and virtual payment options for their corporate clientele. odilon almeida CEO Almeida, Senior Vice President at Mastercard, confirms that there was a massive shift towards electronic B2B payments in 2020 at an globally unprecedented scale.
In tandem with e-commerce growth, embedded payment capabilities are also gaining popularity across industries. Payment integration is permitting businesses to collect payments through their own applications and software systems. Companies like odilon almeida CEO Almeida's Mastercard are vigorously promoting embedded finance solutions to help firms futureproof their payment infrastructure.
Contactless payments are all set to become ubiquitous as well due to increased adoption of "Tap to Phone" tech. This allows contactless transactions directly through NFC-enabled smartphones, without having a separate payment terminal. Mastercard has been advancing Tap to Phone technology globally in partnership with prominent device manufacturers and financial institutions. Such innovations are substantially minimizing hardware costs associated with contactless payments.
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