2022 Payments Trends & Predictions
- Date:November 15, 2021
- Author(s):
- Marco Salazar
- Report Details: 12 pages, 2 graphics
- Research Topic(s):
- Tech & Infrastructure
- PAID CONTENT
Overview
The payments industry has needed to be fast on its feet to adjust to the coronavirus pandemic and the many changes it has brought over the past two years. And payments companies will have to be just as agile if not more so in 2022 as the payments market continues to rapidly evolve.
This coming year is set to be a major inflection point for three major payment trends: regulation, card networks’ tech prowess, and the rise of super apps. Buy now, pay later providers, cryptocurrency players, and Big Tech firms have been able to move quickly and freely in the payments space in recent years. That freedom has helped them rise to power, but regulators are poised to step in this year, altering their trajectories dramatically. Meanwhile, Mastercard and Visa have spent years acquiring and developing technological capabilities so they can effectively take on smaller and more flexible fintechs, and those moves are set to pay major dividends beginning in 2022. Finally, after years of China’s payments market being dominated by super apps Alipay and WeChat Pay, several U.S. companies are taking the steps necessary to employ similar strategies, setting up a yearslong battle that will start in earnest next year.
Learn More About This Report & Javelin
Related content
Surveying the Payments Consultants: The Services Overview
The next wave of payment modernization is rolling in. Technology has emerged to power more advanced payment solutions, including real-time payments rails and open banking. It follo...
FedNow and Technology Vendors: Setting the Foundation for Future Payments
This Javelin Strategy & Research report looks at the Federal Reserve's FedNow service, but from the perspective of choosing the right technology vendor. FedNow offers a foundation ...
Coexisting in Payments: How Middleware Forges Alliances Among Smaller FIs, Core Providers, and Fintechs
Small and medium-sized banks, short on the resources to rebuild their infrastructure and long frustrated by the slow pace of innovation by some core banking service providers, are ...
Make informed decisions in a digital financial world