Key Payment Trends in 2018: A More Collaborative Ecosystem – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Payments:
Key Payment Trends in 2018 – a more collaborative ecosystem”

report has been added to ResearchAndMarkets.com’s
offering.

Key Payment Trends in 2018 is an attempt to
analyze the trends expected to impact the payments industry and its
various stakeholders, including financial institutions, consumers,
mPayment providers, retail and other businesses in 2018.

The growing demand for value-added services, increasing competition due
to emerging FinTechs, new payment-enabling technologies, and an ever
evolving payments landscape is leading to a collaborative payments
ecosystem.

The new ecosystem is spurring further collaboration among its various
stakeholders, forcing players to re-assess their positions in the
market. Payment providers, for instance, are collaborating to offer
value-added services, while vendors are looking to acquire new
technology and build their customer base.

Furthermore, the need to increase investments in next-generation tools
and alternative channels such as contactless and wearable’s to enhance
customer experience has become imperative for payment providers.

Meanwhile, instant payments are emerging as an alternative option for
quicker payments for retail and corporate businesses. Banks and FinTechs
are also exploring distributed ledger technology (DLT) to transform
cross-border payments, while IoT is set to disrupt the payments
landscape.

However, an open collaborative infrastructure poses new threats and
challenges related to cybersecurity and data privacy issues for
enterprises. As a result, payment providers are looking to deploy
robotics and machine learning technologies to detect and prevent frauds,
while regulators are focusing on data-privacy law compliance.

Additionally, as authentication becomes critical, the need to increase
investments in advanced technologies (biometrics, digital identity,
secure element, geo-location, and interoperable cryptographic keys) has
also become undeniably important, with payment companies looking to
boost their authentication techniques.

Topics Covered

1 Introduction

2 Business Challenges Facing the Payments Industry

3 Market Dynamics

3.1 Demand side trends

3.2 Supply side trends

4 Recommendations for ICT Vendors

5 The Need for Instant Payments

6 Future Outlook

6.1 Rising customer expectations for specialized services, and the
emergence of FinTechs and new payment technologies is leading to a more
collaborative payments ecosystem

For more information about this report visit https://www.researchandmarkets.com/research/73z5hs/key_payment?w=4

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