The shift from cash transactions to digital and instant payment systems is, in a nutshell, redefining the B2C e-commerce landscape in Africa.

The landscape of online payments is undergoing a dynamic transformation, driven by technological advancements and shifting consumer preferences.

In the ever-evolving landscape of global commerce, online payments continue to shape the way we conduct transactions. Despite the resurgence of in-person shopping, the digital realm remains a powerhouse, with credit cards maintaining their dominance, as stated in the latest yStats.com report, Global Online Payment Methods 2023.

The payment landscape has witnessed significant transformations due to the accelerated growth of mobile and online payment methods, particularly during the pandemic. As consumers and businesses worldwide embraced digital payments, several innovative trends emerged within the conventional payment market. This article explores three noteworthy developments: virtual cards, in-car payments, and the concept of Request-to-Pay.

The landscape of commerce has undergone a radical transformation through the integration of technology, revolutionizing both online and offline purchasing channels. From in-store experiences to online shopping and social media interactions, consumers worldwide have embraced the versatility of modern payment methods.

Simply put, Bitcoin and similar cryptocurrencies are “mined” by fast computers (or servers) that run algorithms 24/7.

There are millions of households in America with low incomes and poor credit that find dealing with traditional banks to be difficult. They have chosen instead to patronize “alternative financial” services that provide extended hours and less restrictive credit policies—local check cashing and money transfer outlets, pawn shops, rent-to-own stores, and payday loan services.

These days, retailers are pushing much more than just merchandise. It’s common for sales associates to invite customers to sign up for a private label credit card, also known as a store card, in exchange for a discount on an initial purchase.

Years after the Great Recession, household growth in the U.S. is on the rise – and skewing heavily toward higher income families.  According to Affluent and High Net-Worth Americans, a recent white paper from Packaged Facts, post-recession household growth is most pronounced among affluent households, which grew by 90% from 2010 to 2019.

Note: The following is an excerpt from the white paper "The Emerging Autonomous Vehicle Ecosystem: Who Will Be the Stakeholders, and How Can They Win?" by BIS Research, a global market intelligence, research, and advisory company that focuses on emerging technology trends that are likely to disrupt the market.