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4 Trends Shaping Digital Payments in 2021

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/* custom css */ .tdi_3_d65.td-a-rec-img{ text-align: left; }.tdi_3_d65.td-a-rec-img img{ margin: 0 auto 0 0; } As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping. As stores closed and social distancing took hold, retailers worldwide moved their businesses online, embraced eCommerce and explored the potential of new ways to pay. More than a year later, research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow. Looking to the future, digital currencies, mobile wallets, wearables, biometrics, contactless and QR codes are trending as emerging payments technologies as people’s c...

4 Digital Payment Trends to Watch in 2021 4 Digital Payment Trends to Watch in 2021
Politics

4 Digital Payment Trends to Watch in 2021

wazup Comments Closed 101 views

For many businesses that had previously relied on selling their products or services in person, accepting online payments has been a significant step in digitising their offering to the local market. As eCommerce adoption rates continue to soar in 2021, digital payment solutions will need to keep pace to ensure that customers continue to shop online. Jonathan Smit, Managing Director and Founder of PayFast, predicts that 2021 will continue to see an uptake in eCommerce use and digital payments in the following four ways: Contactless continued – contactless payments have become widely accepted. Whether it be by smartphone, card or wearable device – tap-and-go has become a convenient staple for South African shoppers. Additionally, many are still wary of the COVID-19 virus spreading through s...