The rapid growth of digital commerce, especially in mobile, is driving deep structural changes across the global payments ecosystem. Consumers are changing the way they shop and pay online, in-app and in-store, pushing merchants to adopt an increasing number of new technologies and issuers to collaborate with third-party technology providers. In our latest series–The next wave in digital payments–Visa explores the forces accelerating the pace of change, and the potential impacts on the future strategies of banks and credit unions, merchants and technology companies.
Stories in the next digital wave will shed light on the challenges merchants and financial institutions face, lay out the technological transformations underway, detail the changes in traditional value chains, explain the impact of disruption on those in the payments ecosystem and highlight the efforts Visa has undertaken to help partners address and overcome the challenges.
The bottom line: While digitization has caused significant disruption, it has also created opportunities for those who take a consumer-centric approach–understanding the changing habits and needs of their customers–to think and act broadly, innovate quickly and collaborate with providers like Visa who can help streamline and enhance the process with value-added products and services.
Join us to learn more about the impact and opportunities brought on by the next digital wave.
To learn more read the first post in the series: Setting the stage for change, or the full report: The next wave in digital payments.