by Verità&Affari editorial team
“The sector of payments it is constantly evolving. And 2024 promises to bring its fair share of changes. On a general level, we expect some sort of inversion compared to years past: once exclusively local companies will expand globally, proprietary and closed-loop technologies will open up, sometimes general solutions will become increasingly customized, and once-isolated networks will become increasingly interoperable. If we add to this the transformative power ofartificial intelligence and the massive return of consumer travel, we can already paint a picture of the trends that will influence the payments sector in 2024.” These are some of the trends identified by Visa for 2024.
From the creator economy at the sharing economyFrom e-commerce to traditional retail businesses, 2024 will be the year SMEs go global. Broadly speaking, for businesses of all sizes the perspective has shifted beyond their borders to the global economy. Nearly 4 in 5 SMBs (79%) cited selling cross-border as a growth goal, and consumers are ready to support them. In fact, approximately 72% of consumers said they felt comfortable purchasing from companies in other countries.
I payments digital they are transforming the opportunities for SMBs to pay and get paid, enabling them to reach new customers, easily accept secure payments, track and monitor spending, increase security, improve efficiency and grow like never before. Payment industry innovations now allow you to access real-time earnings, making it convenient to receive consumer and B2B payments. Payment solutions, such as virtual cards, will enable SMEs to have the cash flow, purchasing power and expense management capabilities needed to thrive in today’s digital world. “In 2024, we expect small and micro businesses to benefit more digitalisation aimed at speeding up and protecting payments, facilitating their expansion across borders,” Visa added. (Teleborsa)