In 2019, Mobile Payment once again retained its place as the leader of innovative digital payments in Italy. But new, innovative methods of payment are appearing on the market, such as payment from smartwatch or fitness tracker. In the not so distant future, we will be able to pay in store using just our physical presence, or using connected objects such as Smart Car, Smart Speaker and Smart electrical appliances.
2019 was also a pivotal year for payment systems globally, especially in Europe. The arrival of PSD2 and the Open API phenomenon will in fact lead to the entry of new market players, to the creation of new services for clients and, probably, to new balances and ways of working in the payments market. Collaboration will be an important lever for growth.
This report presents all the major trends that currently define the world of payments at international level and also contains the results of a quantification of digital payments in Italy.
• How much is the digital payments market worth in Italy today? What are the current trends?
• What are Innovative Payments? How are they defined? How much are they worth in Italy?
• What role can competition and collaboration play in the future development of innovative payments?
• How will PSD2 and Open APIs change the payments ecosystem and banks’ strategies? Who are the new market players?
- Innovative Payments around the world
- Digital Payments in Italy