Payment Trends: Opportunities and Risks Shaping 2023

Capgemini | Nilesh Vaidya | Jan 30, 2023

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Top Trends in Payments 2023 contains Capgemini’s perspectives on the top 10 trends for the months ahead

We anticipate widespread opportunity for innovation and growth. Trends include payment providers’ customer-centricity strategies such as buy-now/pay-later and embedded finance, data-safeguarding tokenization, and sustainability protocols focused on eco-friendly payment modes. Also on the radar screen are changing industry dynamics brought on by composable architecture and payment hub modernization, among other actions.

See:  Payments Canada Report: Rebound & Grow – Payment Methods and Trends in 2021

Included Trends

• BNPL momentum continues despite post-pandemic macroeconomics
• Embedded finance is leveraging customer data to find new use cases
• Global adoption of ISO 20022 opens doors to data modernization
• Central banks gearing up to pilot and implement CBDCs
• Composable architecture leads to competitive efficiencies
• Real time cross border payments will improve speed and volume of regional trade
• End-to-end ecosystems are simplifying payment moderatization
• Paytech innovation and partnerships seeking to revamp SMB payments
• Tokenization for scalable and secure payment infrastructure
• Eco-friendly cards, digital payments, and cloud-based payment hubs will boost sustainability

Image: Capgemini

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