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...
Stimulated by the COVID-19 pandemic, its expected the number of unique digital wallet users to exceed 4.4B by 2025, up from 2.6 billion in 2020, according to a recent study from Juniper Research. The total amount spent through digital wallets is also expected to nearly double to $10 trillion annually by 2025 from $5.5 trillion...
By 2030, Cards may linger, But digital and contactless payments will dominate. The future of digital payments is being created now with the adoption of contactless payments, new digital transactions such as buy online, pick up in-store, and reduced friction within the payments ecosystem. A report by experts and prepared by the Electric Vehicle Charging...
