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Today we are talking about 6 top payment trends to watch in 2023!![]()
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Being involved in the payment space for over 20 years - changes happen all the time.![]()
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In the last few years, they are coming faster and faster, and 2023 is going to be a fantastic year when it comes to technology for payments - fintech - for business owners!![]()
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Here are the six payment trends![]()
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#1 Real-Time Payments ![]()
Is it hype, or will it happen for large companies only, or will it work for smaller businesses too? Also, will consumers leave their rewards behind and use this, or do U.S. Consumers love their rewards too much?![]()
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#2 Growth of Mobile Payments ![]()
This is a broad subject, and mobile is growing by leaps and bounds every year; soon, you will be able to tap a cell phone with your card and pay. And there are other advances as well, including more mobile options.![]()
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#3 Expansion of Contactless Payments ![]()
More wallets are on the way - apple and google soon won't be the only players in this game!![]()
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#4 Digital Currencies on the rise![]()
Crypto, Stablecoins, how will this shape up in 2023 and beyond![]()
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#5 Open Banking![]()
This is huge and is constantly being discussed, and rules are being made for this in Europe and looks like it is headed to the U.S.A., and the regulators better move quickly as they keep saying Innovation is out packing regulation!![]()
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#6 Growth of E-Commerce Payments![]()
E-commerce has been blowing up over the last 2-3 years, and that trend will continue. And part of this trend will be more small businesses jumping in, especially to offer to buy on line with pick up in-store and curbside as options to compete with the big box stores.![]()
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We continue to hear from companies coming out with innovative ways to help business owners.![]()
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And 2023 is going to be an exciting year! ![]()
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