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Wallets will rule while FedNow shakes up payment flows

Wednesday, July 03, 2024 — 12:00:57 (EDT)

Dublin, July 03, 2024 (GLOBE NEWSWIRE) -- The "Payments Trends to Watch in 2024: Wallets Will Rule Amid Intensifying Competition, While FedNow Shakes Up Payment Flows" report has been added to ResearchAndMarkets.com's offering.

Fintechs, banks, and the government will reshuffle the payments deck in 2024. New features and competition will redefine the digital wallet user experience, and FedNow will pivot payment flows in new directions.

Payment industry innovation and competition will transform mobile commerce and diversify payment flow routes in 2024. Consumers and businesses will win big, benefiting from instant payment expansion, commerce enablement tools, and broader payment choices.

Key Report Features:

Exportable files for easy reading, analysis and sharing.

3 Charts: Reliable data in simple displays for presentations and quick decision making.

Key Topics Covered:

Feature innovation will transform digital wallets into everyday commerce enablers

Paze will put open-loop digital wallet leaders on notice

FedNow will take a bite out of bill pay

Sources

Media Gallery

Charts

US Mobile Wallet Users and Penetration, 2021-2027 (millions and % of smartphone users)

Mobile Payment App/Wallet That US Adults Use Most Often for Online vs. In-Store Purchases, July 2023 (% of responses)

Annual US Consumer Bill Payment Value, by Type of Payment Instrument, 2022 (billions and % share)

Companies Featured

Paze

FedNow

For more information about this report visit www.researchandmarkets.com/r/uqus4y

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Related Links

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Ecommerce Payments Market: Trends, Analysis and Market Forecasts 2023-2027

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The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.