Rita Medved


Trends in payments show how the business environment is changing,whether a company is a supplier or a buyer. Changing payment systems are changing the environment and landscape for businesses.

We examined several trends that may change the payments system in the future.
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Increased digital inclusion of the population is necessary to accelerate economic growth. According to the World Bank, about 31% of the world's population still does not have access to formal financial services. The digitization of payments will boost economic growth.

A lot of work is already being done on infrastructure development. And here, technology to prevent fraud becomes a critical requirement. Technology will be needed here to build effective cooperation in the regulation of electronic money and payment systems.


Cryptocurrencies as a payment mechanism are increasingly penetrating the daily routine. In a McKinsey 2021 study, responses showed that 43% purchased cryptocurrencies as investments and 21% held them for purchases. Cryptocurrencies in the future will emerge from investment mode and begin to play the role of a payment mechanism. Cryptocurrency will be the engine of development in payments in the near future. It has already challenged the fiat means of payment.

Regulation of cryptocurrency payment systems plays a key role for the development of this trend. The global nature of cryptoplatforms will strengthen their advancement.


The development of APIs (Application Programming Interfaces) is the main driver of the digital economy. Here, the Lego-brick approach to payments was formed to accelerate the adoption of digital payments. Regulations, such as PSD2 in the European Union, have been created that have cemented the need for banking APIs.

Bank APIs are part of a broad ecosystem and serve to make financial transactions and work with account data.

The U.K. Finance predicts that Open Banking will be the backbone of the payments market and enable participants to make more affordable and faster payments.


The volume of non-cash transactions will double by 2030. This growth can be realized through cryptocurrency platforms and banking APIs. But in this world, important technologies such as anti-fraud and cross-border regulation are needed. For digital payments to grow, effective anti-fraud protections are needed. Artificial intelligence can provide them with efficiency and control.

The world has really accelerated. Both buyers and sellers need instant payments technology. Bank APIs will facilitate the spread of instant payments. By the end of 2022, payments based on the SWIFT ISO20022 standard should be possible. This whole world of technology must be provided with state-of-the-art anti-fraud tools. In this task, machine learning technologies enter the scene to be able to recognize threats and trigger technologies to prevent them.

The future of payments is inspiring. Digital payments offer many opportunities for development and growth in all corners of the world. But they also give rise to many opportunities for fraudsters. Therefore, the development of digital payments must be accompanied by the development of technologies to ensure their security and sustainability.