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In a report presented at SIBOS, McKinsey encapsulates the 2025 payments landscape as “simpler interfaces, complex reality.” This phrase reflects how user-facing payment interfaces are becoming more intuitive, while the underlying systems grow increasingly intricate.
As we move towards 2025, businesses must adapt to this shift by ensuring they have the infrastructure to support contactless payments. This includes upgrading point-of-sale systems and educating staff on the benefits and security of these transactions. Consumers, on the other hand, should stay informed about the latest contactless payment options and understand how to use them safely to protect their financial information.
Even within Europe, cultural differences and diverse attitudes to payments and friction apply. For example, countries in the Baltics are very well used to friction, to the point of appreciating it as an indication of strong security. But Brits don’t like friction. Meanwhile, banks are slower to adapt in Spain and Italy than many other EU countries.
Aside from government pressures, competition and commercial incentives will keep driving modernization of payments systems, whether in government, corporate or bank operations. That will lay the groundwork for other payments trends to gather momentum. Account-to-account payment use, open banking and acceptance of stablecoins, are all expected to blossom, said industry analysts, consultants and executives.
The digital payments landscape is rapidly evolving, driven by technological advancements and changing consumer preferences. As we look towards 2025, several key trends are shaping the future of digital payments, including contactless payments, cryptocurrency transactions, and mobile payment solutions. Digital payments in 2025: current trends and predictions for the future, offering insights on how businesses and consumers can prepare for these impending changes.
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