Significant changes in the field of online payments are expected in the coming years. Let's see what it will be 👁
Integration with AI
Artificial intelligence (AI) has long been a part of our lives — its roots go back to 1951, when the first program was developed. However, the real revolution in the use of AI has only occurred in recent years.
Today, many iGaming companies are actively using AI to automate processes and combat fraud. However, many organizations still do not fully realize the potential of proactive use of AI.
Modern AI tools are able to analyze consumer habits, track transaction history and accurately predict which products and services may be of interest to customers. This allows you to optimize the costs of both individual users and entire companies, offering more profitable solutions.
Cloud payments
Delays in payments can seriously threaten the financial stability of a business. Cloud technologies offer an effective solution to this problem. The cloud computing market is projected to reach more than $2.2 trillion by 2032, an increase from the current $670 billion.
By switching to cloud-based payment systems, businesses eliminate the need to store customer data on local servers. Cloud technologies provide speed, flexibility and reliability. Businesses get access to financial information at any time and from any place, while ensuring data security.
To put it mildly, it is difficult to keep track of all accounts. Cloud payment systems automate these processes, simplifying work and eliminating many problems. Manual billing is becoming a part of the past.
Authentication Update
Protecting clients' financial information is a very important part of reality. By 2024, all companies offering online payments are required to comply with the PSD2 directive. In the near future, an alternative will also be introduced — DORA, which aims to improve security and implement authentication. This will allow you to make regular payments without the need for re-authentication.
Biometric identification will be the fastest and safest way to confirm payments. 🧑🏼🦱👩🏼🦰 According to forecasts, by 2026, about 4.4 billion identification applications will be downloaded. New authentication methods will make life much easier for consumers.
Mobile payments
Competition for customers is very high today, and even small delays can lead to a loss of loyalty. To avoid this, companies are also developing mobile applications that eliminate intermediaries and simplify the process.
The applications also allow customers to interact directly with the company, receive additional bonuses through discount coupons, accumulate points for exchange for services and much more. The volume of mobile payments currently stands at $3.8 trillion and is projected to grow to $27 trillion by 2032.
Artificial intelligence (AI) has long been a part of our lives — its roots go back to 1951, when the first program was developed. However, the real revolution in the use of AI has only occurred in recent years.
Today, many iGaming companies are actively using AI to automate processes and combat fraud. However, many organizations still do not fully realize the potential of proactive use of AI.
Modern AI tools are able to analyze consumer habits, track transaction history and accurately predict which products and services may be of interest to customers. This allows you to optimize the costs of both individual users and entire companies, offering more profitable solutions.
Cloud payments
Delays in payments can seriously threaten the financial stability of a business. Cloud technologies offer an effective solution to this problem. The cloud computing market is projected to reach more than $2.2 trillion by 2032, an increase from the current $670 billion.
By switching to cloud-based payment systems, businesses eliminate the need to store customer data on local servers. Cloud technologies provide speed, flexibility and reliability. Businesses get access to financial information at any time and from any place, while ensuring data security.
To put it mildly, it is difficult to keep track of all accounts. Cloud payment systems automate these processes, simplifying work and eliminating many problems. Manual billing is becoming a part of the past.
Authentication Update
Protecting clients' financial information is a very important part of reality. By 2024, all companies offering online payments are required to comply with the PSD2 directive. In the near future, an alternative will also be introduced — DORA, which aims to improve security and implement authentication. This will allow you to make regular payments without the need for re-authentication.
Biometric identification will be the fastest and safest way to confirm payments. 🧑🏼🦱👩🏼🦰 According to forecasts, by 2026, about 4.4 billion identification applications will be downloaded. New authentication methods will make life much easier for consumers.
Mobile payments
Competition for customers is very high today, and even small delays can lead to a loss of loyalty. To avoid this, companies are also developing mobile applications that eliminate intermediaries and simplify the process.
The applications also allow customers to interact directly with the company, receive additional bonuses through discount coupons, accumulate points for exchange for services and much more. The volume of mobile payments currently stands at $3.8 trillion and is projected to grow to $27 trillion by 2032.