The adoption of contactless payments has increased significantly, especially since the COVID-19 pandemic. By 2025, this technology is expected to become common practice. Contactless payments, powered by Near Field Communication (NFC) and QR codes, are now a regular feature of global payment ecosystems, extending beyond retail into areas such as public transport, hospitality and healthcare.
The speed, security and convenience of tap-to-pay transactions using smartphones, wearables and even biometric cards have driven the widespread acceptance of contactless payments. Governments and businesses are investing in infrastructure to support these payments, such as higher transaction limits and broader acceptance networks. As demand art director email list for faster and more efficient payment options grows, adoption of this technology will continue to shape the digital payments landscape.
The Rise of Cryptocurrencies
Cryptocurrencies have evolved from a niche market to a mainstream financial asset class. By 2025, digital currency adoption is expected to continue its upward trajectory. While volatile cryptocurrencies like Bitcoin and Ethereum remain prominent, stablecoins ( digital currencies pegged to stable assets like the US dollar) are gaining ground for their stability and practical use in transactions.
Stablecoins offer the best of both worlds: the speed and low transaction costs of cryptocurrencies, coupled with the stability of traditional fiat currencies. As more businesses and platforms, including giants like PayPal, accept stablecoins for payments, their use in e-commerce, remittances and cross-border transactions is expected to increase.
However, the future of cryptocurrencies depends on regulation. As governments implement regulatory frameworks, businesses and consumers will be better positioned to adopt cryptocurrencies in everyday transactions, particularly in international trade, where traditional payment methods are slow and expensive.
Buy now, pay later (BNPL) services
Buy Now, Pay Later (BNPL) services have gained popularity, giving consumers flexible payment options by allowing them to split purchases into interest-free instalments. Companies like Klarna have led the way in this trend, and BNPL is expected to continue to grow in 2025.
Retailers are integrating BNPL options both at physical and online outlets, boosting conversion rates and attracting younger consumers who prefer flexible payment options. However, the rapid growth of BNPL has raised concerns about consumer debt and transparency of terms. In response, regulators are likely to introduce new guidelines to protect consumers, ensuring that BNPL continues to thrive in a fair and responsible manner.