Real-time payments rising: Real-time payment systems are expanding rapidly, especially in Africa. Entities like Mastercard are investing heavily, focusing on developing efficient infrastructures and technologies. These advancements are set to revolutionize cross-border and traditional financial transactions by making them quicker and more secure for users worldwide.
Shift to cashless and digital currencies: The Movement towards cashless payments is accelerating with digital methods gaining traction in B2B transactions. Stablecoins, such as USDC and USDT, are becoming popular alternatives to traditional cryptocurrencies, as central banks prepare for Central Bank Digital Currencies, showing a MAJOR shift in monetary practices.
Ai and SUPER apps impact payments: Artificial intelligence is enhancing payment security through fraud detection, while SUPER apps are integrating multiple services. These trends consolidate various financial functions, creating streamlined user experiences and offering businesses chances to innovate on platforms, ensuring they stay competitive in the evolving payment landscape.