The Future of Payments 2025 study, which deals with, among other topics, the adoption of new technologies in payment methods for the travel sector, indicates that the increasing growth Cryptocurrency Adoption, Arrival of 5G and Internet of Things (IoT) Technology, and Appetite for Virtual Reality (VR) It is revolutionizing the payments industry all over the world.
The survey, developed by new trends and intelligence agency Stylus at the request of FIS Worldpay, revealed that around 300 million consumers worldwide use cryptocurrency.
“The number of people already using cryptocurrencies is a sample of how much the population is turning to new technologies to carry out their financial transactions. This also shows us that digital currencies are no longer a niche – for people who are involved in one way or another in the financial technology sector – to reach the general population,” Also commenting is Juan Pablo de Antiochia, Senior Vice President of Worldpay from FIS Latin America.
Another point of the study deals with the general consumer’s desire for instant, low-cost transactions between countries. This movement – that stimulates the concept Borderless Payments – Should reach, internationally, $250 trillion by 2027.
Payments have crossed the boundaries between physical and virtual reality, With leading service providers that allow you to transact in the emerging markets of the metaverse.
In this line, recently, the global network UATP (Global Air Travel Plan), dedicated to the payment of expenses related to the travel sector, which entered into a partnership with Bitpay (a provider of bitcoin payment services based in Atlanta, USA), in September 2021 To offer Bitcoin, Dogecoin, Ethereum and Litecoin payments to over 300 companies and travel merchants and in popular cryptocurrencies to six more.
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Study the future of payments 2025 by Worldpay from FIS It also highlights the key trends shaping the future of payments. The survey examines the key macro factors, demographics and new habits that are set to define the future of payments for tomorrow’s travel consumers and the brands that serve them.
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