The future of payments: A look at digital issuance and payments
Each year, our lives become more and more digitally focused–to the point where most people spend the majority of their days interacting with some form of technology. Often, this happens in ways that would have seemed odd or even unthinkable in the past.
If you asked someone over the age of 40 in the 1990s whether they trusted entering credit card information into a computer to make a purchase online, most would have expressed skepticism. Flash forward to today and not only is this common, but an entire generation has grown up with this being the primary way to buy goods or services at all.
Digital payments fall under the same umbrella. What some initially viewed with suspicion has now turned into a market where the total transaction value is expected to hit an enormous $9.46 trillion by the end of the year.
The Convenience of Digital Issuance
Digital payments are popular, in part, because they’re convenient. Rather than carrying around a smartphone and a purse or wallet filled with credit cards, you can take advantage of that same payment functionality on an iPhone, Android, or another type of device.
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