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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. In 2023, we expect to see this response exaggerated and heightened. Here are some of the biggest payment trends we’re forecasting for the new year.

Industry 471
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Driving Payments Innovation With Installments And Automation

PYMNTS

In payments innovation, mass transit is driving the global future of contactless payments. percent: Expected CAGR of the eInvoicing market from 2017 to 2026. $16: 3B: Projected value of the automated accounts receivable market by 2024. 16: Minimum amount it costs to manually process a paper invoice. $3B:

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mPOS At 37,000 Feet

PYMNTS

With the global mobile point of sale (mPOS) market projected to experience a compound annual growth rate (CAGR) of 18.8 percent from 2017 to 2026, many solution providers are looking to use partnerships as a boost to snag a bigger share of the growing market. In the January mPOS Tracker , PYMNTS charts the latest developments.

Software 220
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Open banking: Balancing innovation with security

BankInovation

After years of stop-start evolution, the market boom that open-banking advocates have been waiting for appears to be underway. billion by 2026, equivalent to an annual growth rate from 2019 upwards of 24%. The potential of this sector is as large as it is untapped with the sector projected to be worth $43.15 Open banking […].

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Today In Data: Intelligence Of Things Pushes Innovation

PYMNTS

IoT-enabled televisions, refrigerators and even vehicles are becoming mainstream, and even smartwatches are seeing the effects of connected innovation. trillion | Estimated revenue in USD that mobile network operators stand to gain by 2026, achieved through early deployment of commercial low-power wide-area (LPWA) networks.

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5 use cases for the booming open banking market

BankInovation

As the banking industry continues to innovate and as the lines between fintechs and financial institutions continue to blur, open banking is booming, with the market size estimated to reach $43.15 billion by 2026, at 24.4% CAGR, according to Allied Market Research.

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Deep Dive: Making Smarter Payments Safer

PYMNTS

More Data, More Innovation. market is seeing an uptick in faster and real-time payments transactions. The market completed roughly 1.3 billion payments by 2026. Data can also be collected in a two-sided market mechanism. Concerns about who is accessing data, and why, persist as it becomes easier to obtain.

Payments 180