The Evolving Horizon of Financial Technologies Looking Ahead
작성일 24-01-29 19:43
페이지 정보
작성자Pilar Kolios 조회 18회 댓글 0건본문
The financial transaction technology landscape is evolving quickly, influenced by changing buyer tendencies and business needs. According to insights shared by Ingenico, a leading global payment provider, there are various key trends that are revolutionizing how payments are made and conducted around the world.
One of the most obvious shifts has been the growing adoption of mobile wallets across various 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 use a mobile wallet by 2024. The ubiquity of smartphones and the ease-of-use offered by mobile wallets is accelerating this trend.
Another noteworthy trend is the steady growth of e-commerce and subsequent increase in demand for online payment capabilities. As the pandemic demanded digital shopping, many businesses had to swiftly change and offer smooth online checkout and payment collection. This was not limited solely to B2C companies but also spread to B2B firms who then had to enable electronic invoices and virtual payment options for their corporate clientele. Odilon Almeida, Senior Vice President at Mastercard, affirms that there was a massive shift towards electronic B2B payments in 2020 at an worldwide unprecedented scale.
In parallel 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's Mastercard are actively fostering embedded finance solutions to help firms safeguard their payment infrastructure.
Contactless payments are all set to become commonplace as well due to increased adoption of "Tap to Phone" tech. This allows contactless transactions directly through NFC-enabled smartphones, without needing a separate payment terminal. Mastercard has been leading Tap to Phone technology globally in partnership with leading device manufacturers and financial institutions. Such innovations are substantially lowering hardware costs associated with contactless payments.
One of the most obvious shifts has been the growing adoption of mobile wallets across various 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 use a mobile wallet by 2024. The ubiquity of smartphones and the ease-of-use offered by mobile wallets is accelerating this trend.
Another noteworthy trend is the steady growth of e-commerce and subsequent increase in demand for online payment capabilities. As the pandemic demanded digital shopping, many businesses had to swiftly change and offer smooth online checkout and payment collection. This was not limited solely to B2C companies but also spread to B2B firms who then had to enable electronic invoices and virtual payment options for their corporate clientele. Odilon Almeida, Senior Vice President at Mastercard, affirms that there was a massive shift towards electronic B2B payments in 2020 at an worldwide unprecedented scale.
In parallel 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's Mastercard are actively fostering embedded finance solutions to help firms safeguard their payment infrastructure.
Contactless payments are all set to become commonplace as well due to increased adoption of "Tap to Phone" tech. This allows contactless transactions directly through NFC-enabled smartphones, without needing a separate payment terminal. Mastercard has been leading Tap to Phone technology globally in partnership with leading device manufacturers and financial institutions. Such innovations are substantially lowering hardware costs associated with contactless payments.