AMSTERDAM, the Netherlands, Nov 8 (Bernama) --
Payvision, a global fintech and omnichannel payments provider, released a new ebook exploring the future of commerce payments. The research looks into how the next generation of payments is reinventing the shopping experience, giving merchants clear insight into key strategic retail trends
. The future of payments is instant and invisible
, triggered by the needs and demands of today’s modern consumers: millennials and Gen Z. By 2020, the spending power of both consumer groups is projected to reach $1.4 trillion and $44 billion respectively, meaning that the future payments experience will be largely driven by their behavior. These consumers expect digital shopping experiences that are as natural as possible – unconscious, even. Furthermore, in their quest for the best products and services, consumers want a seamless, integrated shopping experience, regardless of touchpoint. For them, the barriers between channels will blur so heavily as to become essentially nonexistent, proving that the payments transformation demands a clear need for omnichannel services.