adopting automation with a view to saving time , minimising errors , and reducing expenditure .
“ Secure and seamless payments are more important than ever for businesses so it ’ s not surprising to see firms investing in this area and seeking out partners who can support them in this area , particularly as more B2B spending digitises ,” explains Stacey Sterbenz , Vice President & General Manager for UK Commercial at American Express .
What does the future of paytech look like ? “ Looking forward to the payment landscape
20 years from now , several trends and developments are poised to shape the future of payment technology ,” continues ClearBank ’ s Paul Staples .
“ We can expect biometric authentication methods such as facial recognition and fingerprint scans to become even more prevalent and directly part of the payment journey . As quantum computing advances , encryption methods will need to evolve to ensure the security of payments . Encryption and tokenisation will align to protect user information .
“ As we move into a more interconnected world , payments will become seamlessly
100 December 2023