IDC FutureScape: Worldwide Payment Strategies 2024 Predictions

IDC FutureScape Figure

• Figure: IDC FutureScape: Worldwide Payment Strategies 2024 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

• Summary of External Drivers

• Predictions: Impact on Technology Buyers

• Prediction 1: Less than 1% of Payments Will Be Processed Using Generative AI by 2028

• Associated Drivers

• IT Impact

• Guidance

• Prediction 2: By 2026, 10% of Banks Will Use AI to Optimize Payment Routing

• Associated Drivers

• IT Impact

• Guidance

• Prediction 3: By 2026, 15% of Cross-Border Payments Will Settle in Real Time

• Associated Drivers

• IT Impact

• Guidance

• Prediction 4: By 2027, 20% of B2B Payments Supporting Supply Chains Will Be Executed in Real Time

• Associated Drivers

• IT Impact

• Guidance

• Prediction 5: By 2027, 10% of Blockchain Payments Will Leverage ISO 20022 Formats

• Associated Drivers

• IT Impact

• Guidance

• Prediction 6: By 2028, Embedded Payments in eCommerce Environments Will Represent Over 70% of All Online Transactions, Enhancing User Experience and Streamlining Purchase Processes

• Associated Drivers

• IT Impact

• Guidance

• Prediction 7: By 2025, 60% of Corporate Banks Around the Globe Will Introduce Confirmation of Payee to Fight Fraud and Provide Corporates with Secure Instant Payments for Their B2B and B2C Services

• Associated Drivers

• IT Impact

• Guidance

• Prediction 8: By 2027, 25% of SMB Supply Chain Financing Will Be Obtained and Transacted on Dedicated B2B Buy Now, Pay Later Platforms

• Associated Drivers

• IT Impact

• Guidance

• Prediction 9: By 2026, 50% of the Banks Will Adopt Alternate Data Models to Supplement Legacy Credit Approval and Fraud Detection Decision–Making Models

• Associated Drivers

• IT Impact

• Guidance

• Prediction 10: By 2025, 30% of SMB/Midsize Retailers Will Adopt Unified POS Payment Solutions to Boost Competitiveness with Better Checkout Experience and Eased Ability to Add New Contactless Payment Types

• Associated Drivers

• IT Impact

• Guidance

Advice for Technology Buyers

External Drivers: Detail

• AI Everywhere — Generative AI Takes the Spotlight

• The Drive to Automate — Maximizing Efficiency and New Opportunities

• Global Supply Chain Resiliency — Push for Diversification

• Cybersecurity and Risk — Building Resilience Against Multiplying Threats

• The Digital Business Imperative — Competitiveness and Outcomes

• Everything as a Service Intensifies — Transforming Models to Drive Change

• Dynamic Work and Skills Requirements — New Work Mode Era

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• Related Research