{"id":14636,"date":"2025-01-26T02:40:44","date_gmt":"2025-01-26T02:40:44","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/guest-post-7-must-know-payment-trends-for-2025\/"},"modified":"2025-01-26T02:40:44","modified_gmt":"2025-01-26T02:40:44","slug":"guest-post-7-must-know-payment-trends-for-2025","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/guest-post-7-must-know-payment-trends-for-2025\/","title":{"rendered":"Guest Post: 7 Must-Know Payment Trends for 2025"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<p>&nbsp;<\/p>\n<div class=\"separator\" style=\"clear: both;text-align: center\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" data-original-height=\"1883\" data-original-width=\"2500\" height=\"482\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEjqOQfwzDkJw1mxmwttfQDZjtfEoRAKriJ9iWiXLyx88Yd2JNrCl-tkapC1rZIq5zQHX9_jlYAFz1hncdvktgFp3XLTpBAsZJREp1vg8t2IcjSJH3yhUn4KfVBKjQtVAnTx46NYCsw3Uu_g6qCfIi_6dvBCoDQmcuXDX2euVxmpWJ3gyh1J58sr\/w640-h482\/Paying%20by%20phone.jpeg\" width=\"640\" \/><\/div>\n<div style=\"text-align: left\"><span style=\"font-family: georgia\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<span style=\"font-size: x-small\">Photo: Adobe Stock Photos<\/span><\/span><\/div>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">The payments industry is changing<br \/>\nat a rapid rate, utilizing advanced technological innovation that has<br \/>\ntransformed the way we make payments. As consumers expect convenience and the<br \/>\ndemand for increased security protection rises, the market is having to find<br \/>\nnew ways to adapt to the landscape.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">The changes we\u2019ve seen over the<br \/>\nyears have resulted in a whopping 92% of consumers in the US reporting to have<br \/>\nmade some form of digital payment over the past year. As we look ahead, the<br \/>\nchanges in the payments industry are only expected to continue. In this<br \/>\narticle, we discuss seven of the biggest trends that we are expecting to see<br \/>\nduring 2025.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\"><b>AI Fraud Prevention<\/b>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">As fraudulent activity becomes more<br \/>\nadvanced, the fight is on to detect fraud and protect consumers from scams.<br \/>\nArtificial intelligence (AI) is being utilized by new systems that are able to<br \/>\nanalyze large quantities of transaction data to identify any unusual behaviors.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">These new AI technologies are<br \/>\nexpected to make payment processes more secure for consumers, protecting them<br \/>\nfrom fraudulent activity and allowing them to enjoy a seamless transaction<br \/>\nexperience.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\"><b>The Growth Of Buy Now, Pay Later<\/b>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">Over recent years, the buy now, pay<br \/>\nlater model has become increasingly popular. Allowing consumers to spread out<br \/>\npayments over time instead of having to pay upfront is a big help for those who<br \/>\nare looking for financial flexibility. It saw a 400% increase in usage globally<br \/>\nsince 2018 and is expected to grow 17% annually through 2028.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">In 2025, it is expected that buy<br \/>\nnow, pay later will become a standard option in both physical and online<br \/>\nstores. This is mutually beneficial as means customers do not have to rely on<br \/>\ncredit cards or loans, whereas businesses can expect to increase average order<br \/>\nvalue.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><b><span style=\"font-family: georgia;font-size: medium\">Biometric Security Measures<\/span><\/b><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">There has been a notable rise in<br \/>\nthe number of biometric technologies being used instead of traditional<br \/>\npasswords and PINs. Facial recognition, voice recognition, and fingerprint<br \/>\nscanners are all more secure alternatives which make it much harder for fraudsters<br \/>\nto access accounts.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">As well as improving security<br \/>\nmeasures by only allowing authorized users to access their finances, it creates<br \/>\na more seamless user experience. With biometric security measures requiring<br \/>\nusers to simply glance at their phone or scan their fingerprints, the need for<br \/>\nphysical cards is removed and the days of forgetting complex passwords may be<br \/>\nbehind us for good.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\"><b>Global Payments Made Easier<\/b>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">With cross-border payments taking55% longer than domestic payments for US businesses, 54% of global businesses<br \/>\nnow say speed of payment is a key factor when choosing payment solutions.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">It\u2019s becoming easier than ever<br \/>\nbefore to make global payments, helping both businesses and consumers when<br \/>\nmaking overseas transactions. We are expecting there to be even more<br \/>\nimprovements when it comes to the time taken to transfer money internationally and<br \/>\nbeing able to track it in real time. As more payment providers allow payments<br \/>\nto be sent in multiple currencies, the global trade barriers we\u2019ve known for so<br \/>\nlong are beginning to ease.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">The fees associated with sending<br \/>\nmoney globally are also improving as transparency about added fees becomes a<br \/>\nlegal requirement. By cutting down the costs of international payments, global<br \/>\ntrade becomes a more seamless process.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\"><b>The Introduction Of Invisible<br \/>\nPayments<\/b>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">Invisible payments are looking to<br \/>\ngrow rapidly in 2025 as they extend into everyday transactions. Services that<br \/>\nwe use regularly, such as toll roads, car parking, public transportation, and<br \/>\ngrocery purchases, could use automatic payments that occur without having to<br \/>\ntake any action.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">Users will be able to set up online<br \/>\naccounts or download apps that allow them to enter their preferred payment<br \/>\nmethod, and then the payment can be automatically processed when they use a<br \/>\nservice.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\"><b>The Rise Of Digital Wallets<\/b>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">Digital wallets such as Apple Pay<br \/>\nand Google Pay are already becoming a staple for many of us, but this is<br \/>\nlooking to continue to expand further as we move into the new year.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">As well as being able to add credit<br \/>\nand debit cards to our phones for a quick and easy checkout that doesn&#8217;t<br \/>\nrequire a physical card, digital wallets are looking to integrate further<br \/>\nfeatures such as loyalty programs and investment tools.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">Not only do digital wallets<br \/>\nmaximize convenience, but security is improved since physical cards are not<br \/>\nneeded. Since all of the card details are not stored on the device, the risk of<br \/>\nfraud is lower.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\"><b>Blockchain Becomes a Payment<br \/>\nMethod<\/b>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">Blockchain technologies such as<br \/>\ncryptocurrency and Bitcoin are looking to become more widely accepted payment<br \/>\nmethods in 2025, changing the landscape as we know it. Businesses are beginning<br \/>\nto accept blockchain-based payments and some of the biggest financial<br \/>\ninstitutions are already experimenting with overseas solutions.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">This approach is transforming<br \/>\ntraditional banking methods and allowing for faster and more secure<br \/>\ntransactions with lower transaction fees. Many argue that it is a safer<br \/>\napproach than traditional currencies since it is a fixed asset that avoids the<br \/>\nvolatility of local currencies.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\"><b>Embracing the Future of Payments<\/b>&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">As we head into 2025, the financial<br \/>\nlandscape is looking to maximize convenience and security for both consumers<br \/>\nand businesses alike. Financial services are continuing to tackle sophisticated<br \/>\nfraud schemes while offering flexible payment options that suit us all.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">From AI fraud prevention schemes to<br \/>\nblockchain solutions and invisible payments, these innovations are reshaping<br \/>\nthe future of finance. As technology continues to advance, new payment methods<br \/>\nare emerging, transforming how we manage our money and interact with financial<br \/>\nsystems. The way we pay, save, and transact is evolving \u2013 making the future of<br \/>\nfinance more accessible and secure than ever before.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\">\n<div class=\"separator\" style=\"clear: both;text-align: center\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" data-original-height=\"256\" data-original-width=\"256\" height=\"256\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEhOkTpa0aD-exSqF7n4HCH2PnaIEA6RxXWrxb_gUXDjsac8BTvqgln4LoJROyO0kjfte-oeADyX2EHQqtCg_fUWsdCK1vFThiL5MZTbGcJsg0J10YCNjbhANHf3CTXQ1omsNWrW1TOqV3nSWmTZVKqcrcezkYjE0ekM35Z55rv5UC-jnvqmc3Lb\/s1600\/Heather%20Langley.png\" width=\"256\" \/><\/div>\n<p><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 150%\"><span style=\"font-family: georgia;font-size: medium\">Author bio: Heather Langley is a<br \/>\ncontent writer at Solvid who helps retail businesses streamline their daily<br \/>\noperations through business strategy and software integration. She provides<br \/>\nvaluable insights that can help your retail business stay competitive in an<br \/>\never-changing market.&nbsp;<\/span><\/p>\n<p><\/p>\n<p><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14637,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/14636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=14636"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/14636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/14637"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=14636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=14636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=14636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}