How to survive the escalating digital payment revolution: What financial services need to do to adapt and thrive

Looks at how payments becoming invisible will present unprecedented challenges for the established financial service brands as they struggle to keep up with the changing banking behavior and rising customer expectations.

Future of payments

This article is part of a series of articles on the future of payments. Read more.

Need to know

  • Nearly 40% of U.S. consumers have now used at least one digital payment service, according to a 2018 study from Mintel, and more than 60% of consumers are already regular users of mobile banking apps
  • The latest TSYS US Consumer Payment Study reports 82% of the 18-24 age group is familiar with in-app payments, and 27% of this group has loaded a debit card into a mobile wallet
  • With non-cash transaction estimated to accelerate at a...

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