A new report has shown that digital payments in the United States are expected to reach an unmatched height 2025, driven by positive financial factors.
A Report By Researchandmarkets.com showed digital payments Volume in the United States will hover over $ 3.8 trillion 2025, Dwarning 2024 digits. The report predicts that mobile payments and the rising adoption rate for alternative payment methods will trigger a volume jump. It also mentions the increase in transfers to account to accounts (A2A) and others Payment solutions in real time Like Zelle and the FedNow service.
Despite the rising levels of mobile -based payment, the report tips credit and debit cards to contribute some of the digital payment revenue in 2025. At present, Vertical has a 70% market share over the industry and shows no signs of losing its grip on the payment space.
Researchandmarkets.com also stated that blockchain technology will play a key role to exceed $ 3.8 trillion in digital payment volume. Digital access and Stablecoin Users were able to reach 80 million brand in 2025 after reaching the 72 million milestone last year.
A wave of positive announcements from the White House and the office of the currency controller (OCC) against Digital assets can trigger the adoption rate. The banks have been given green light for digital currencies and supplementing retail enthusiasm for the sector.
In addition, the purchase now, later (BNPL), contributes to its fair share to the estimated volume by demanding that participants carry out transactions on digital platforms. The report notes that younger Millennials and Gen ZS will be the demographics with the most significant contribution to digital payments Volumes 2025.
“Adoption of BNPL continues to increase, with over 30 million millennials and 25 million Gen Z consumers using these services in 2024, which reinforces its role in digital trade,” read the report.
While the adoption rate for digital payments rises, the assumption of merchant continues to increase ambitions of $ 3.8 billion in 2025. An estimated 60% of small and medium -sized companies) will probably not accept payments from Digital wallets While completely embrace card transactions.
With the United States suggesting New Stablecoin regulationsThe report predicts that this can improve trade levels for digital payments trading. The United States has turned its eyes away from one Central Bank digital currency (CBDC) on problems with privacy and supervision while other countries turn to the offer to improve their payment landscape.
Show that makes payments more seamless
Somewhere else, payment giant visa (Nasdaq: v) have launched its Press to add card function For consumers in Saudi Arabia, a feature designed to improve the payment permit in the Gulf country.
The function will improve payment security at the same time as manual errors eliminate for tourists. The offer, which debuted in September 2024, enables users to link their View contactless cards to digital wallets through their mobile devices.
Users who are interested in linking contactless cards and digital wallets in Saudi Arabia can achieve interoperability with a simple crane on their mobile devices. Press to add cards that offer leans on appears proprietary chip authenticated technology, which provides a one -time code to users to verify their identity.
Before the function’s commercial roll -out, integration of contactless cards in digital wallets was a rising climb for users. The slow process and gloomy potential for errors resulting from manual entrance complicated process.
The offer provides several advantages For participants in Saudi Arabia’s payment ecosystem, including reaping the reward from linking their contactless cards to digital wallets and improving their shopping experiences. On the other hand, issuers and financial institutions are protected from high operating costs and fraudulent provision. The report indicates that TAP to add the card function will reduce the number of requests for customer support while improving the approval rate for users.
Considering Elimination of data violationsDigital wallet suppliers are dropped to be the biggest winners from the rolling. The function makes it easier to follow, the security standards are displayed while revolutionizing “token providing efficiency.”
Nearly 80,000 digital card tokens linked to wallets have been activated in Saudi Arabia and emphasize the significant impact of technology.
Visa has improved the extent of its offers, Dabbing in blockchain technology for effective payment processing. A series of partnership has seen the pay giant inch against stablecoins while joining ranks with bank regulators for CBDC pilots.
Shown new offer in Saudi Arabia follows a line Digitization initiatives that has been rolled out in recent months. Yellow flap progresses toward self -confidence in Artificial intelligence (AI) by developing Located large language models (LLMS) and significant investments in the sector.
In addition, there are plans on train 7,000 inhabitants at AI and other new technologies to deepen the local talent pool. A e-dwelling program Is in work after a partnership with Estonia, leaning at AI and Web3 technology for digital IDs.
Look: peer-to-peer electronic cash system-it’s micropomes
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