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Table of Contents Voices from the industry: Insights into the 2024 payments landscape In 2024, we witnessed a convergence between consumer and B2B payments, driven by the rise of BNPL adoption, AI-powered frauddetection, and the continued digitalisation of payment platforms.
It’s the end of 2024 and the payments industry isnt just evolving its undergoing a seismic shift thats changing how the world does business. From crazy numbers to transformative technologies, the stats behind todays paymenttrends are more than just impressive; theyre a roadmap to the future.
Key paymenttrends in fintech for 2025 The payments landscape will continue becoming more diverse and consumer-focused. Digital wallets are already mainstream, but alternative payment methods like BNPL (buy now, pay later) are gaining momentum. Open banking, or pay-by-bank, is another trend to watch.
AI’s real-time frauddetection capabilities, as evidenced by an 80% reduction in fraudulent attempts according to Juniper Research, will fortify financial security by swiftly identifying and preventing unauthorized transactions. AI is in the early days, but it is moving extremely quickly.
ACI’s annual Unwrapping Checkout Trends report provides merchants and acquirers with essential insights on paymenttrends, spending and fraud predictions, and actionable ways to maximize secure and authentic conversions. ” Key report insights at a glance Paymenttrends (H1 2024 vs. .”
Payment processing solutions that support mobile wallets, Apple Pay, Google Pay, and Buy Now, Pay Later (BNPL) options help you meet those expectations. Beyond that, processors also support payment methods like ACH and Text to Pay that can give your customers the convenience they crave.
.” Rise of alternative payments James Booth, PPRO There will be a further rise in alternative payment methods in 2024, which could take the form of bank transfers, e-wallets or BNPL, predicts James Booth , VP partner management EMEA, at digital payments platform PPRO.
Security & Fraud Prevention Given the high-risk nature of online gaming, security is non-negotiable. Look for a gateway that includes PCI compliance, frauddetection tools, chargeback mitigation strategies, and AI-driven risk analysis to protect transactions and user data.
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