10 Trends That Will Influence the Payment Sector by the End of 2025
MasterCard, one of the world’s leading payment companies, has outlined key trends that are transforming the approach to transactions, particularly regarding their security, speed, and convenience.
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1. AI in Fighting Fraud
By 2025, artificial intelligence will become a powerful tool in combating financial threats. By analyzing vast amounts of data, models will predict threats and respond instantly. This approach could triple the level of security for financial operations.
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2. New Opportunities for Small Businesses
Small enterprises will gain access to new platforms that automate routine processes, help create marketing strategies, and make data-driven decisions.
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3. Integration of Local Digital Wallets
The ability to link cards to local digital wallets will simplify international transactions, eliminating the need to top up accounts.
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4. Biometric Authentication
Passwords and one-time codes will gradually become obsolete. They will be replaced by biometric technologies and machine learning algorithms, making authentication faster and more reliable.
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5. Growing Popularity of Virtual Cards
Temporary card numbers will become a common practice in business payments. They will simplify the control of financial operations and reduce the risk of fraud.
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6. Spread of Contactless Payments
Contactless transactions already account for over 60% of personal purchases. In the coming years, smartphones may become full-fledged terminals for such payments, significantly optimizing retail operations.
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7. Seamless Cross-Border Payments
With the unification of various payment systems, cross-border payments will become more convenient and faster. Compatibility with CBDC and digital assets will also expand.
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8. Innovations Through Collaboration
Governments, banks, and fintech companies will increasingly collaborate to create joint solutions, improving user experiences.
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9. Blockchain for Commerce
Blockchain has proven its efficiency in modernizing financial processes. By 2025, it will be widely used for B2B transactions and commercial payments.
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10. Data Tokenization
In the coming years, manual data entry will be replaced by tokenized systems that protect personal information during online purchases.
These trends will be key in shaping the modern payment ecosystem.