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

Perficient

Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.

Industry 471
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UPI transactions to account for 90% of retail payments by 2026-2027

The Paypers

PwC India has released a report which highlights that UPI is projected to dominate retail digital payments in India, accounting for 90% of transactions until 2027.

Retail 36
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Driving Payments Innovation With Installments And Automation

PYMNTS

Small and mid-sized businesses (SMBs) can make their operations run smoother by tapping into automated processes, electronic invoices and accounts receivable (AR) tools for digital payments. In payments innovation, mass transit is driving the global future of contactless payments. All this, Today in Data.

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Digital Payments Advance In India And Africa

PYMNTS

The summer, now drawing to a close, brought significant payments and commerce activity outside the Western world. 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. Africa, meanwhile, represents the next great tech frontier.

Payments 132
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India’s Payments Power Moves

PYMNTS

However, as demonstrated this summer, the country is not only embracing digital payments, but increasingly attracting competition from some of the biggest players in the industry. That certainly presents a challenge for anyone bent on moving consumers to digital payments, but that doesn’t mean the effort is slowing.

Payments 108
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Deep Dive: Making Smarter Payments Safer

PYMNTS

Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. Data is crucial and — fortunately, for banks and businesses in the smarter payments space — plentiful. financial services sector as consumers embrace digital technology for the banking and retail industry.

Payments 180
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The Future of Checks – Tales From The Crypt

South State Correspondent

Checks are dying and about to die quicker, given the rise of instant payments. After World War II, checks were the hot payment technology and helped fuel the boom that followed. At its height, checks accounted for 86% of all payments in the U.S. Now, a paper check could be scanned and turned into an electronic payment.

Fraud 195