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Digital Payments
Digital payments have evolved tremendously over the past few years, raising the question: where will digital payment technologies take us in the future? As more consumers become tech savvy the opportunities are endless, especially as we are only just now tapping into the unprecedented potential from global smartphone penetration with 3.2 billion smartphone users in 2020 against a global population of about 7.7 billion, or 41.5 percent according to Statista.
The impact of COVID-19 has further accelerated the shift in payment preferences, partly because of convenience, and partly because of the advice and emphasis to avoid physical cash where possible. Regardless of the reasoning, digital payments are not disappearing, and are only going to increase in popularity over the years to come




