Digital payments globally increased tremendously in 2020. According to Visa’s Back to Business study, 78% of global consumers modified their payment methods during lockdown. In this article, we’d look into the future of Payments.

Many businesses and individuals switched from the regular mode of making payment either through physical or credit card to other digital payment options. this gave rise to a new era in the global digital economy. In Fact despite the harsh effect of the pandemic on businesses worldwide, the global e-commerce sector recorded a massive US$ 4.6 trillion in transactions. A huge increase from the previous year

However, this is just a little fraction of what is expected in a few years. Heralding the future of digital payments, the reinvention of cashless or digital payments ecosystem, is digital wallet the future of payments?

What is a Digital Wallet? What is Digital Payments? Forms Of Digital Payments in 2021, Advantages of Digital Payments, What is the Future of digital Payments?


Read more here:
https://techibytes.com/digital-wallets-are-the-future-of-payments/