Many aspects of daily life, including the way we work, travel, socialize, and access services, have changed during the previous two years on a global scale. In numerous ways, this is changing the payments sector. In the wake of a transformational event, reevaluating our priorities is unavoidable, and the digital payment method sector is no exception.
We are about to enter a new chapter in the digital payment method sector as the world's economies fight to recover from the epidemic's effects. If the goal of 2021 was to build up businesses as much as possible, then the next 18 months are likely to be centered on sustainable expansion fueled by digital payment technology.
Similar to how different industries are at varying degrees of disruption, other areas are at various stages of digital wallet maturity. Without regard to geography, J.P. Morgan's Fast Forward virtual forums have identified the five underlying trends that will affect how companies across all industries position themselves for success in the upcoming year. We investigate these trends and how digital payment methods make them a reality.● A culture of digital wallet
● Services for everything
● Digital Payment method as a source of income
● Working capital and liquidity coordination
● Constructing an ESG strategy for your company
Digital Payment methods can no longer be an afterthought or an unnoticed component of business operations as they develop into a crucial differentiator and source of revenue.
After two years in survival mode, companies across all industries are now prepared to thrive and focus on sustainable growth. Here is what you need to know to stay ahead as payments quickly become a vital enabler of that long-term growth.
"Every man is a creative cause of what happens, a primum mobile with an original movement. " - Friedrich Nietzsche .