For example, during 2018’s Singles’ Day in China — the equivalent of Cyber Monday and Black Friday in the US, combined — 60% of shoppers paid by taking a selfie or with a fingerprint scan.
In contrast, mobile wallets have yet to gain meaningful traction in the US, where plastic cards and cash are (still) king.
In this briefing, we explore emerging trends in payments. These include:
- How P2P platforms are reshaping the payments value chain
- Where biometric authentication is taking off, and where it might go next
- Why card networks are building out better capabilities around anti-fraud
- The future of income payments and payroll