Digital wallets, biometrics spur innovation in payments tech

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Whether it's digital wallet adoption, biometric authentication or payments platforms, consumer habits are the driving force behind industry-wide payments investments.

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Research published by American Banker in March found that 51% of payments leaders identified changing consumer habits as the top factor spurring investments into payments franchises this year. Faster settlement through real-time networks like the RTP Network or the Federal Reserve's FedNow system is a growing trend in the industry, and garnered 43% of respondents.

Read the full, exclusive research report from American Banker here: Forecasting the Future of the Payments Industry, 2025

Other noteworthy aspects include cross-border payments improvements, creating alternatives to buy now/pay later products and smoothing the consumer checkout experience. 

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