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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.

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What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention.

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. Firms must be required to have fraud prevention policies in place and demonstrate their effectiveness.

Crime 88
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The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

Modern platforms operate in an environment where 269 million card records were posted on dark web platforms in 2024 , and friendly fraud accounts for 75% of all chargeback losses. Consequently, the cost of fraud prevention now reaches $4.61 Consumer behaviour adds another layer of complexity to the fraud landscape.

Risk 88
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Merchant survey 2025: Navigating the payment innovation divide

The Payments Association

A survey of 125 UK retail merchants exploring how payment innovation, customer behaviour, and emerging technologies are shaping retail competitiveness. It shows that forward-thinking merchants using diverse, strategic payment solutions gain clear advantages in cost control, fraud prevention, and customer experience.

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SNEAK PEEK: In the mind of the merchant: Top challenges and priorities for the next 12 months

The Payments Association

The challenges and priorities facing merchants in the evolving payments landscape over the next 12 months. It highlights key trends, such as open banking, tokenisation, and fraud prevention, which are crucial for merchants to remain competitive and secure. Why is it important? What’s next?

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Five payments trends to watch closely in 2025

The Payments Association

2025 payment trends focus on digital wallets, instant payments, AI, fraud prevention, and consumer convenience, driven by evolving regulations and innovation. As the payments landscape evolves, businesses face increasing pressure to adapt to technological advancements and changing consumer expectations.