MBA IN SIMPLE WORDS
The fintech and digital payments industry is evolving quickly and projected to sustain its growth in 2023.
From the adoption of cryptocurrency to the expansion of Web 3.0 payment tech and the focus on hyper-personalization, there are several key trends to watch in this dynamic industry.
The use of cryptocurrency is expected to increase in 2023 as more payment companies add these options at checkout.
Businesses are increasingly using Web 3.0 to develop customized user experiences.
Mobile digital payment apps are expected to continue growing in popularity, enabling users to transfer funds via mobile devices.
Real-time payment options are gaining popularity and offering customers more flexibility and convenience.
Digital identity is becoming increasingly important, bolstering infrastructure and improving security.
Next-gen money-moving technologies and digital currencies are emerging, providing new opportunities for fintech companies and digital native disruptors.
There is a focus on hyper-personalization across all banking and payments experiences, with a shift toward digital experiences and contactless payments.
The finance function is undergoing digital transformation, with new technologies and capabilities that will enable CFOs to be more strategic.