2021 Outlook: Debit and Alternative Products

The events following the onset of the global pandemic helped to crystalize consumer attitudes regarding payment habits.

The progression of digital payments, contactless options and the momentum achieved by faster and real-time payments shone a light on the path these payment types would take as they leapfrogged in development and use by two to three years in the span of just a few months. The pandemic gave users a reason, beyond technology for the sake of technology, to adopt these payments.