Orienteed logo en la cabecera
Go to blog

Digital payments until 2022. More and more.

by Raquel Rosa, March 27, 2020
Technological innovations, the entry of industry giants into the financial system and new payment regulations, which are already being implemented, will increase digital payments by up to 14% by 2022, to over a trillion transactions worldwide.  Asia, Central Europe, the Middle East and Africa are the markets with the highest number of digital payment transactions. It is precisely these emerging markets that will soon "dictate and shape the global payments landscape in terms of innovation, transaction capacity management and industry trends".
So far, debit cards are the fastes growing electronic payment instrument (17%), ahead of credit cards (11%) and transfers (10%).
Indeed, in the midst of the debate on the implementation of new payment methods, many banks remain reluctant to adopt open banking through data sharing, digital ecosystem collaborations and open platforms... Many traditional banks are opting for caution when it comes to change.
These are some of the conclusions of the “Annual Payment Report” (Capgemini). 
Less than half (48%) of managers surveyed in the report indicated that they plan to use APIs (Application Program Interfaces) beyond those required for regulatory compliance.
 
More than a challenge, the experts say, open banking is an essential requirement for improving the customer experience and long-term customer loyalty.

Related posts

We use cookies to improve your experience and our services by analyzing your navigation on our website. If you continue to browse, we consider that you accept its use. You can learn more by clicking here:
Cookies Policy
Logotipo de Orienteed

Cookies Policy

A cookie is a small text file that is downloaded to your computer when you access certain web pages. Cookies allow web pages, among other things, to store and retrieve information about the device or browsing habits of a user. Depending on the information retrieved, cookies can be used to recognize the user.
Technical Cookies are essential to provide the service offered and requested by a user, to remember configuration preferences, as well as for security and fraud prevention purposes. The website cannot function properly without these cookies.
Analytical cookies help us analyze the activity of users and the number of visitors on the website. They allow the collection of information on the number of visitors, their origin, the browser used, the duration spent on each page, the impact of ads, etc. These cookies are used exclusively for statistical purposes and do not allow identification of particular individuals.

How to deny or revoke cookie consent

Cookies can be blocked or deleted through the browser settings. The following links detail how to do it in each of the most used browsers.