The transition away from paper to an all digital payments world has been underway for decades. But in the last few years the pace has accelerated. Global tech availability and focused development talent is letting software eat the payments world. Other enablers include business models such as payments facilitation and the focus on commerce, not just payments, for merchants.
COVID-19 has simply added fuel to the fire. In May, for the first time, Mastercard reported that over 50% of its volume was card not present, transactions all in the digital payment space. The pandemic is yet another forcing function pushing digital payments deeper into our lives, across the key payment use cases employed by individuals, merchants, enterprises, and government.
Keeping up with all this is what we do at Glenbrook. In this Payments on Fire® episode, Glenbrook's Russ Jones and George talk about what’s hot and how that gets examined in our upcoming Digital Payments Insight Workshop. It will be held online June 24 and 25th. For more on the workshop, check it out here.
Russ and George talk about the online training experience and how interactivity is supported by the tools we use and the flow we establish. So, take a quick listen to get a taste of what’s hot. If you like it, we look forward to seeing you at the workshop. No trains, planes, or automobiles needed.