Digital Payments

Digital payments encompass cashless transaction tools including digital wallets, instant transfers, cross-border payments, buy now, pay later services and Pay by Bank. Recent developments have centered on the expansion of payment networks, integration between banks and fintech companies, and the automation of corporate finance, while the Visa antitrust lawsuit has highlighted competitive and regulatory pressures. From local funding options in Latin America and e-commerce payments in Africa to service resilience during disasters, markets worldwide are moving quickly to strengthen their infrastructure. Key issues to watch are whether new services can balance cost, trust, security and adoption, and whether they can reshape the market positions of established payment providers.