Payment transactions in 2021: Trends and perspectives for digital payments
What does the future of payment look like? The digital landscape is characterised by promising trends and perspectives. These have also enjoyed a great deal of attention in 2020 due to the coronavirus pandemic. In fact, the pandemic has accelerated the unavoidable switch to cashless solutions, which now not only account for the majority of digital payment transactions (with the exception of COD) but are also gaining ground at brick and mortar retailers. So what can we expect in 2021?
Payment transactions: Taking stock of the current situation and developments of the last few years
The last time the German Bundesbank took a close look at the payment behaviour of German citizens was back in 2017. In the survey conducted¹, the German Bundesbank evaluated the payment behaviour at the time and drew comparisons with a previous survey from 2008 to determine how Germans preferred to pay and which payment solutions were rapidly losing popularity. The survey itself provides a pie chart of the data:
Trend #1 - Mobile payments are on the rise
Trend #2 - Even stronger focus on payment platforms
The payment transactions of the future should be:
Trend #3 - Home automation and smart speakers
Trend #4 - Cryptocurrencies are likely to experience a renaissance
Trend #5 - Freedom of choice sets the tone
25 | 03 | 2021
Whitepaper Payment transactions in 2021
Take a look at our white paper and discover what does the future of payment look like. …
19 | 01 | 2021
Payment transactions: Trends for 2021 in the travel and mobility sector: Freedom of choice, security & risk management
Payment transactions are changing around the world - in the truest sense of the word. The tourism and mobility sectors have been particularly affected by this. Indeed, they have had to work hard to catch up in recent years and continue offering their …
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