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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Growth : In regions such as Southeast Asia and Latin America, bank transfer payments have grown by 20% annually due to increasing banking access. Faster Payments (U.K.), Market Growth : BNPL saw a 400% increase in usage globally since 2018 and is expected to grow 17% annually through 2028. PayID (Australia), and UPI (India).

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Digital Wallets and Open Banking Set to Dominate Payments in 2025, According to Merchants

Fintech Finance

The survey reveals that 81% of merchants anticipate a surge in digital wallet usage, while 69% expect Open Banking and instant bank transfers to gain popularity as consumer demand for convenient, secure payment options continues to grow.

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Real-Time Payments Demand Real-Time Fees, Says RS2 Whitepaper

The Fintech Times

As real-time payments take off, set to make up one in three transactions worldwide by 2030, a new whitepaper from RS2, a global payments technology provider, warns the industry is falling behind where it matters most: fee settlement. in fees, through SEPA (Single Euro Payments Area) Instant Payment rails for €1, saving €8.50

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Beyond the Card: Your Checklist for Future-Proof Card Issuing

Fintech News

OpenWay , the vendor of Way4, the top-ranked payment technology platform, explains why it is critical that issuers select software that lets them adapt fast and innovate without limits. Visa and Mastercard, too, are evolving beyond card rails to embed themselves in broader ecosystems.

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The future of payments: Key trends that will shape 2025

The Payments Association

Key payment trends 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.

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Online Payments and the eCommerce Market in 2025

Clearly Payments

Digital payments continue to evolve, with credit and debit cards still dominant, but digital wallets now account for 40% of all online transactions. The Buy Now, Pay Later (BNPL) trend is surging, with over 60 million Americans using BNPL services, particularly for electronics, fashion, and home goods.

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Payments trends report 2024

The Payments Association

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 fraud detection, and the continued digitalisation of payment platforms. and Brazil.