Remove 2026 Remove Innovation Remove Retail
article thumbnail

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. million in 2024.

Industry 471
article thumbnail

Driving Payments Innovation With Installments And Automation

PYMNTS

In payments innovation, mass transit is driving the global future of contactless payments. And in retail, Apple is embracing installment payments as it plans to make its iPhone products and wearables more accessible to customers. percent: Expected CAGR of the eInvoicing market from 2017 to 2026. $16: All this, Today in Data.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Digital Payments Advance In India And Africa

PYMNTS

Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. The coming months will no doubt bring further development, innovation and investment in those areas as the move to a global digital economy continues.

Payments 132
article thumbnail

1033 Open Banking Mandate Blueprint for Success

Perficient

The first compliance deadline of April 1, 2026, impacts the largest organizations. After all, to remain competitive and compliant, financial services firms must innovate in ways that add business value, meet consumers’ evolving expectations, and build trust. The ruling demands action from all non-depository firms (e.g.,

article thumbnail

Deep Dive: Making Smarter Payments Safer

PYMNTS

More Data, More Innovation. financial services sector as consumers embrace digital technology for the banking and retail industry. billion payments by 2026. These rules are also designed to give banks and third-party platforms access to the tools they need to innovate and deliver new products and services.

Payments 180
article thumbnail

Around The World With Payments And Commerce

PYMNTS

Consumers who get more, want more — which puts the pressure on FIs to innovate for more complex needs. 200 billion : Estimated worth of India’s eCommerce market by 2026. 63 percent : Share of FIs that report meeting a customer need as the main driver for innovation. However, where there is opportunity, there are challenges.

Payments 109