The universe of banking and payments is ever evolving. 2017 has seen a number of significant changes in the payments industry, thanks to advances in technology. Consumers now have access to a myriad of ways to pay. As a result, payment and shopping habits change. e-Commerce and m-Commerce methods such as in-app and one-click commerce are becoming increasingly popular. In addition, the exponential growth of IoT, one can foresee a wealth of new payment use-cases over the next few months. In this infographic, we present 10 key trends that will shape the payments industry in 2018.
Baiju NT is the editor in chief and the driving force of Big Data Made Simple. He was one among many big data enthusiasts at Crayon Data, his parent company, to understand the pressing need for a big data resource website at a time when the idea of “big data” was gaining so much attention, and eventually launched Big Data Made Simple in 2013. He is also a regular contributor at RoboticsBiz.