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The future of payments: Key trends that will shape 2025

The Payments Association

The payments industry in 2025 will see advancements in real-time payments, AI tools, and voice-activated technologies reshaping consumer and business interactions. From pay-by-bank solutions to futuristic voice-activated payments, 2025 promises to bring significant advancements. Open banking, or pay-by-bank, is another trend to watch.

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Real-Time Payments Are Soaring In The U.S.

Tom Groenfeldt

We currently have over 30,000 businesses that are originating RTP payments on the network each and every month and over 6 million consumers,” said Jim Colassano, senior vice president of RTP Business Product Management at TCH. The cost for this varies by bank, but the network charges 4.5

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The Hidden Costs of Payment Processing No One Talks About

Clearly Payments

Customer Expectations In 2024, around 82% of American consumers preferred to pay by card, digital wallet , or other electronic means, according to a Federal Reserve survey. Non-Qualified Transaction Fees What It Is: Some processors classify certain transactions as non-qualified , usually if they lack full data, or if theyre rewards cards.

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Sensor Tower Reveals Consumer Mobile Spending Habits: Growing Appetite for AI Features

The Fintech Times

In 2024, consumer spending on in-app purchases and subscriptions hit $150billion globally, according to digital economy data provider, Sensor Tower. In its latest research, the firm uncovers how consumer spending on apps has evolved in the past year. Interestingly, consumers are not spending this money in the gaming sector.

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What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework

Fintech News

By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. Telcos’ Duties Telcos play a key role in securing SMS channels used in digital banking.

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What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

As global online shopping grows rapidly, consumers expect seamless payment experiences. For instance, while credit cards are popular in North America, regions like Europe favor bank transfers, and digital wallets are dominant in Asia. Local tax laws : Some countries impose a VAT or other taxes on foreign merchants.

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments. From Asia to the Caribbean and Europe, central banks are grappling with how to digitise public money while preserving trust, utility, and sovereignty.

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