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Are you ready for the future of payments?
Business and consumer payments are changing. Customers expect frictionless experiences, seamless customer journeys and multi-channel payment options. Make sure you’re prepared for whatever comes next...
Setting up regular payments is great for cashflow but you need to ensure that the process is easy and that payments are secure for each customer to avoid payment processing becoming an issue.
Make sure you’re prepared for whatever comes next...
Key insights
Growth in digital first payments
After Covid, are we closer to a cashless society? Whilst advances in payment technology have been embraced during the pandemic, we’re still a long a way off.
Changing consumer landscapes
The take up of new innovations in digital payments has exploded. Combined with a growth in subscription or direct-to-consumer businesses, fast and effective payments are a necessity.
An integrated approach to payments
Automating payments within software enables payments to move beyond a manual and operational process, to one that drives enhanced customer experience and satisfaction.
This is an exciting time for payments – and I’d urge every organisation, no matter what the size or sector, to identify their pain points and see how the technology could address them.
What does the post-pandemic payments landscape look like?
The changes that we’ve seen in payments over the past five years reflect what’s been happening in our society more widely.
We’ve become more digital in our interactions with businesses and government, from purchases to applying for a driving licence to Making Tax Digital (MTD).
There is now a plethora of payment options that we didn’t have five years ago and these options will continue be enhanced over the next 12 to 24 months. These include additional uses of Faster Payments and payments initiated through open banking applications, as well as the new Request to Pay service.
