Sebastian, a veteran of a tech writer with over 15 years of experience in media and marketing, blends his lifelong fascination with writing and technology to provide valuable insights into the realm of mobile devices.
done by the Juniper tech analysts suggests that the global eCommerce market could skyrocket to $11.4 trillion by 2029, just five years from now. What's impressive is that this projection would be possible not due to specific sales sectors but because of the rise of innovative payment methods.
APMs, defined as methods of transferring funds without relying on cards or cash, include digital wallets and direct account-to-account payments. The change is being fueled by factors such as increased smartphone and internet access, coupled with consumers’ demand for more diverse payment options that suit their needs. That's only natural, but what I'm personally interested in is how the banking industry will react and what kind of fees will they impose to compensate for all those users who'll be slipping past them without using a credit card.
Looking ahead, payment service providers aiming to stay competitive will likely prioritize APMs, while online retailers will need to integrate these payment methods at checkout to attract and retain customers.
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