Top 5 Digital Payment Trends to Watch Out For in 2023
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With businesses reconsidering their digital identities and operating models, 2023 is set to witness an acceleration towards digital payments. Innovation will drive this growth with customer preference and acceptance taking the centre stage. This year, the sector will witness a fillip to real-time payments, an increase in collaboration between the traditional banks and the fintechs, improved access to customers and a gamut of digital and traditional payments methods for the customers to choose from. 2023 will prove to be a shaping year for payments, driving the country towards a ‘less-cash’ reality. In this backdrop, let’s look at these five emerging trends that are set to create opportunities in the Indian payments’ ecosystem. Buy Now Pay Later In 2023, the customer will definitely be the king. Businesses will have to focus on delivering an affordable shopping experience to the buyers and therefore, buy now and pay later (BNPL) will become a viable option. According to a st