Ingenico Experts / Shaping the future of payment
By Sunith Menon, Managing Director Ingenico India
Apple’s new iPhone X offers some tantalizing possibilities for the payment and retail industries.
An exhaustive study by a United Nations predicts online, mobile and digital currency payment methods will overtake credit and debit cards as the most popular ways to pay for e-commerce transactions by 2019.
Asia Pacific’s e-commerce sector, expanding at 12% annually, will be worth US$2.1 trillion by 2021.
China and India will lead growth in non-cash payments in Asia, which will increase by 31% by 2020.
Greater use of electronic payments could provide benefits of $470 billion across 100 cities included in a new Visa-commissioned study, a gain that is roughly 3% of their combined GDP.