“ Samsung Pay has a big presence in South Korea . The buy now , pay later ( BNPL ) trend has also created a variation , with Afterpay popular in Australia and New Zealand and Klarna in Europe .”
Future trends in mobile payments The future of mobile payments is poised to be shaped by advancements in technology , shifts in consumer behaviour , regulatory changes and the ongoing evolution of the global financial ecosystem . Several emerging trends promise to redefine the landscape of mobile payments , driving greater convenience , security and integration across various aspects of daily life .
Dan Knight adds : “ A combination of the pandemic and ongoing technological developments will drive the use of mobile payments . Tech-savvy Gen Z and Gen Alpha reaching their peak spending ages will further increase adoption .
“ Research from Worldpay revealed that by 2027 , digital wallets are expected to comprise half of all e-commerce spend in the UK .” fintechmagazine . com 107