As technology rapidly evolves alongside customer expectations, adopting an API-first approach in payments has become critical. What are payment APIs? and why do we need them? APIs are the building blocks of the next-generation of payments platforms, utilizing the essentialism of PaidYET. Several trends are driving the evolution of payments in 2021. To start, data...
Contactless payments are made by tapping your contactless card or a device over a contactless card reader, which then processes and accepts the payment. In recent years, the benefits of contactless and digital payments have become increasingly popular with shoppers and businesses alike, to the point where many people no longer carry cash with them....
From coin shortages and curbside operations to contactless transactions, how consumers pay for their purchases has been completely transformed during the pandemic. Contactless payments lead marching toward a digital and cashless society. Marketers expect that transformation to continue and expand. The digital payments industry continues to mature at an accelerated pace. Shoppers will see new...
The trend toward digitization has been building momentum over the past few years. Since the onset of the Covid-19 pandemic, it’s even faster, especially in the payment industry. Cash apps, digital wallets and card-not-present (CNP) transactions are replacing cash, checks and physical credit cards. Meanwhile, fraudulent activity across digital channels is ramping up. Merchants are...
COVID-19 has placed financial pressure like never before on companies and consumers. Banking institutions are forced to facilitate alternative payments and transfers with new automation, due to the increased number of e-commerce transactions and new consumer trends. A large proportion of people around the world made their first online purchase ever this year, with more...
The global wearable payments devices market size is expected to reach a worth of USD 80B billion by the year 2028, according to a new report by Grand View Research, Inc. Over time, payment systems have adapted to suit the needs of customers, such as increased convenience and reduced time while making payments. The growing...
