Top Payments Predictions for 2024 (Free Download)
Technological advancements are reshaping various industries, and the payment ecosystem is no exception. In recent years, we have witnessed multiple forms of payment going digital, signaling a lasting shift in the landscape.
TechRepublic Premium invited different industry experts to impart their thoughts on payment trends we need to look out for.
From the article:
“In 2021, global social commerce sales reached $492 billion — a figure that is expected to nearly triple by 2025 to $1.2 trillion. With the rise of mobile payments and digital currencies, there will be a continued shift away from traditional cash and card transactions. However, that’s not all,” Monica Hovsepian, Global Industry Strategist for Financial Services at OpenText, reported. “Social commerce – the use of social media platforms such as TikTok, Facebook, Pinterest, and Instagram to promote and sell (including the checkout process) products and services — has already started to revolutionize the shopping experience once more.”
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