The digital ecosystem has been subject to a process of continuous change since the arrival of the pandemic a couple of years ago. This global situation, so unexpected and abrupt, became a starting point for the evolution of the world economic panorama. In this way, we could see the rise of electronic commerce, which brought with it a radical change in consumer culture, redefining the importance of digital purchases.
The landscape of payment methods was one of the most affected among the many changes caused by this situation. Starting from it, Worldpay from FIS, the payment processing company, has released its latest study; which recovers in its 7th edition the different payment trends that are setting the tone at a global level.
A study ranging from the rise of cryptocurrencies to the proliferation of fintechs
The Global Payments Report is a report with which Worldpay from FIS seeks to push the boundaries within the payment methods industry. Which it does based on the disruptive changes that have occurred within the global economic sector in recent years; and that have slowly been redefining the way trade and financial services are viewed, managed and understood in the digital ecosystem.
In this way, the study explores the conditions, solutions and payment methods that are being used today. As well as a guide on payment management in 41 of the world’s main markets, covering both the European, North American, Latin American and Asian profiles. Likewise, it covers the main trends in payment methods that have been developed from this current of technological evolution, among which we find:
- The rise of cryptocurrencies within retail markets and their integration by central banking institutions.
- The positioning of the super apps within the payment methods market based on its full integration business model.
- accessibility solutions for embedded finances as a possible replacement for paperwork and banking entities.
- The proliferation of fintechs and its role as a means of financial inclusion.
- And, finally, the renewed importance that the real time payments compared to other types of payment that require a greater investment.
Taking all this into account, this seventh edition of the study of Worldpay from FIS recovers in its 156 pages, curated and interesting information to be able to face the challenges that the digital payment ecosystem holds in the future for companies and entrepreneurs.
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