E transact news
You're looking for the latest news on e-transactions!
Here are some recent updates:
Digital Payments on the Rise
- According to a report by the World Bank, the number of digital payment transactions worldwide has increased by 14% in the past year, with the global digital payment market expected to reach $6.6 trillion by 2023. (Source: World Bank)
- In the US, digital payment transactions have grown by 15% in the past year, with mobile payments accounting for 27% of all transactions. (Source: Federal Reserve)
Contactless Payments Gain Popularity
- Contactless payment methods, such as Apple Pay, Google Pay, and Samsung Pay, have seen a significant increase in adoption, with 75% of consumers using contactless payments at least once a week. (Source: Mastercard)
- In the UK, contactless payments have become the most popular payment method, with 1 in 5 transactions made using contactless technology. (Source: UK Finance)
Cryptocurrencies and Blockchain
- The value of cryptocurrencies, such as Bitcoin and Ethereum, has seen significant fluctuations in recent months, with some experts predicting a resurgence in value. (Source: CoinDesk)
- Blockchain technology is being increasingly used in various industries, including finance, healthcare, and supply chain management, with 70% of companies planning to implement blockchain solutions by 2025. (Source: Gartner)
Security Concerns
- Despite the growth of digital payments, security concerns remain a major issue, with 60% of consumers citing security concerns as a reason for not using digital payments. (Source: PwC)
- Cybersecurity experts are warning of the increasing threat of fraud and identity theft in the digital payment space, with 1 in 5 consumers reporting a payment-related fraud incident in the past year. (Source: Javelin Strategy & Research)
These are just a few of the latest developments in the world of e-transactions. As the digital payment landscape continues to evolve, it's essential to stay informed about the latest trends, innovations, and security concerns.