Biometrics or electronic implants? How will you be paying in 10 years’ time
January 17, 2023
From chips embedded into consumers hands to make contactless payments to biometric wearable devices, and digital currencies versus a cashless society, The Payments Association speaks to industry experts to find out the key themes likely to dominate the industry over the next decade.Technology is set to transform the way we pay for goods and services at a blistering pace, bringing greater speed and ease to transactions. But the possibility of slicker payments for consumers may also raise questions over identity, ethics, and inclusion, according to industry observers. Some of today’s nascent technology delivers a core use, bringing the potential to succeed in the long term and shape the direction of payments globally. On the other hand, some tools may be just be a fad and struggle to move into the mainstream. Here, several experts break out their winners and losers over the coming 10 years.