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The payment industry’s greatest trends in 2021 – and the pandemic’s influence on payments digitalization
The coronavirus pandemic advanced payments industry digitalization by two to three years, as lockdowns, limitations, and persistent consumer health worries disrupted daily life, influencing purchasing trends and consumer habits.
Key trends assisting payments innovators in their fight against financial services
Payment service providers are developing a portfolio of financial services in order to compete with banking institutions (FIs).
Forecast for the US Banking Channel: How changing consumer behaviors and the coronavirus epidemic are altering banking usage
The epidemic has sparked a boom in banking digitalization, which is expected to continue long after the outbreak is over. Stay-at-home orders and a desire for frictionless service led many consumers to overcome their apprehension about managing their accounts online.
Mastercard has updated its crypto card to allow consumers to make transactions using stablecoins.
To promote the type of token that they claim would assist boost economic activity, Mastercard will modify its crypto card so that its clients may make purchases using stablecoins as well as a variety of regular cryptocurrencies. In a press release issued on Tuesday, the payments business stated that it will enhance its existing crypto…
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