As the world becomes more connected, you have new opportunities to engage your customers. But payments technologies and trends are changing fast. Explore these six trends from
The Global Payments Report and prepare your business for the future of payments.
6 TRENDS SHAPING THE FUTURE OF PAYMENTS
trend sheet
DIG DEEPER – GET the research
As technology gets more sophisticated, the rate of change gains more momentum. That’s why we’re providing the insights and tools you need to superpower your business – while we power the next payments frontier.
Get your copy
Get new insight
Increase visibility
Because they don’t require any currency conversion, cryptocurrencies can move funds across the world in a matter of seconds – and for a fraction of the costs associated with traditional methods. So it’s not surprising that large merchants are increasingly moving toward accepting cryptocurrency.
Meanwhile, the growth in crypto has prompted central banks to respond by rushing to launch and pilot central bank digital currencies (CBDCs).
Ultimately, regulation will influence which cryptocurrency reigns supreme – but for the moment the regulatory outlook is still uncertain.
CRYPTOCURRENCY AND CBDC
Minimize risk
Asia remains the leader in super app innovation
Super apps are redefining how consumers shop, pay and connect with brands across every region. Financial institutions, neobanks, P2P payment companies and even retailers could all find themselves caught in the crossfire of super app competition.
Retailers in particular must work with different tools, including customer data, to adapt how they approach customers.
SUPER APPS
Traditional financial institutions can access new distribution channels and develop new services.
Non-banks can deliver lucrative value-added financial services at a fraction of the cost.
Embedded finance is disrupting the industry by weaving financial services into everyday consumer and business experiences.
It replaces a trip to the bank with a single tap or click within apps that can range from e-commerce platforms to quick-service restaurant apps.
That’s blurring traditional lines between financial and non-financial companies. But it’s also empowering businesses and consumers.
EMBEDDED FINANCE
Free up time
Drive efficiency
COVID-19 created incredible hardships but also spurred innovation in products that improve consumer access to financial services.
However, to increase financial inclusion, any technology that delivers financial capabilities to the underserved must be easy to access and engage with, and feel familiar to use.
FINANCIAL INCLUSION
of the world has a live real-time payments infrastructure or one soon to launch.
Up to 72%
Real-time payments have been a reality for financial industry insiders for nearly 50 years, and the pandemic accelerated their use. But regional differences are significant.
For real-time payments to become truly global, the many different schemes and real-time payment methods that currently exist must eventually lead to a common way to accept and move money in real time.
REAL-TIME PAYMENTS
©2022 FIS FIS and the FIS logo are trademarks or registered trademarks of FIS or its subsidiaries in the U.S. and/or other countries. Other parties’ marks are the property of their respective owners. 1866798
linkedin.com/company/fis
twitter.com/fisglobal
www.fisglobal.com
getinfo@fisglobal.com
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally.
Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
1
3
2
4
6
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
5
Each share is more than twice the value of the next highest regional BNPL totals
BNPL’s share
of Europe’s regional
e-commerce
Europe is home to more than 44 markets, each with its own unique mix of regulatory, demographic and economic variables. It’s also a wellspring of payments innovation.
The remarkable growth of buy now, pay later (BNPL) and the emerging importance of open banking and real-time payments are leading all eyes of the global payments community to Europe.
EUROPEAN INNOVATIONS
“CBDCs would give consumers and business greater choice to a new innovative format of money and would ensure that public access to central bank money is maintained.”
Aman Cheema,
FIS® senior vice president for Global Realtime Payments, Strategy and Innovation
Consumers find it
easier to move and manage money without leaving traditional
banks behind.
Martin Boyd,
President for Banking Solutions, FIS
“No matter the capability it provides, the technology needs to be embedded into a process someone is already comfortable with and that enables them to do more. That’s fundamental to how you reach and spread your service to include people who can’t otherwise afford it.”
BNPL’s share
of regional POS transaction value
2x
2%
8+%
~
