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Top 10 Payments Trends

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This Slideshare deck key information points across the top 10 trends in payments

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Top 10 Payments Trends

  1. 1. Payments Trends for 2016
  2. 2. 2Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services Front-end Innovation Continues to Gather Pace Wearables Closed loop solutions & Mobile Money Contactless Technologies Mobile Wallets and P2P apps 23.2% CAGR of Mobile Payments Market through 2020 USD 86 Billion High-End Estimate of Mobile P2P Transactions Volume in the U.S.in 2018 Sources: Capgemini Financial Services Analysis, 2015; http://www.businessinsider.in/THE-PEER-TO-PEER-PAYMENTS-REPORT-The-exploding-market-for- smartphone-apps-that-transfer-money/articleshow/47114852.cms
  3. 3. 3Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services Regulators Will Focus On Innovation and Competition PSD II (Europe) aims to open up the market to Third Party Providers RBI (India) has granted licenses to establish payments banks to drive financial inclusion PSR (U.K.) aims to open up the access of Faster Payment Service to non-bank institutions Sources: Capgemini Financial Services Analysis, 2015; World Payments Report 2015
  4. 4. 4Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services Payments Processing Will Undergo Transformation For Building Next-generation Infrastructure Non Banks like Ripple Open APIs Payment Hubs Payment Infrastructure Modernization 30,000 Number of APIs Projected to Reach by 2016 Sources: Capgemini Financial Services Analysis, 2015; World Payments Report, 2014
  5. 5. 5Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services Implementation Of Immediate Payments Systems Will Continue To Accelerate Globally Demand for Ubiquity Overlay Services System Modernization Need to Remain Competitive >9 Immediate Payments Systems Already Implemented Sources: Capgemini Financial Services Analysis, 2015; World Payments Report 2015
  6. 6. 6Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services Banks And Non-banks Will Focus More On Applicability Of Blockchain Technology Payment System Optimization Growing Demand For Crypto Currencies Willingness To Adapt From Banks Importance For Decentralized Applications $ 400 Million Global Blockchain market in 2019 Sources: Capgemini Financial Services Analysis, 2015; https://www.linkedin.com/pulse/bitcoin-bankers-deborah-baxley; http://www.medianama.com/2015/07/223-citibank- cryptocurrency-citicoin/; World Payments Report 2015; http://qz.com/576671/banks-will-their-quintuple-spending-on-blockchain-by-2019/
  7. 7. 7Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services Hidden Payments Volume Growth Will Further Accelerate Mobile Money Virtual Currencies Closed Loop/Cards/Mob Apps Digital Wallets $ 24.5-40.9 bn Hidden Payments Estimated Volume, 2014 Sources: Capgemini Financial Services Analysis, 2015; World Payments Report 2015
  8. 8. 8Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services Payment Service Providers Will Increase Focus On Leveraging Insights And Data To Offer Value-added Services Segmentation- based Offerings Customer Acquisitions Loyalty Programs Sourcing & Shipping Membership Rewards Inventory Management Corporate PaymentsRetail Payments $3 Billion Membership in US loyalty programs increased by 26% from 2013-15 Sources: Capgemini Financial Services Analysis, 2015; https://www.colloquy.com/latest-news/2015-colloquy-loyalty-census/; http://www.loyaltyandrewardsguide.com/technology/trend-alert-mobile-payments-to-innovate-rewards-programs
  9. 9. 9Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services B2C And Corporate Payments Will Be Catalysts That Will Drive Global Cross-border Payments Volume In The Near Future $1 Billion Visa’s international transaction revenue grew by 21% in Q3 2015 $588 Billion Global international remittances expected to grow by 1.3% in 2015 Global Trade Customer Payments International Remittances Sources: Capgemini Financial Services Analysis, 2015; Visa Had $18 Billion Worth of Processed Transactions”, Robert Karr, Yahoo Finance, September 4, 2015
  10. 10. 10Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services Payments Firms Are Making Increased Investments In Security And Authentication Measures EMV Tokenization Chip & Pin E2E Encryption Biometrics Geo location Tracking Counterfeit Measures Mobile Secure Location 3D Secure Real-Time Analytics $16.3 Billion Total card fraud losses worldwide in 2014 $5.9 Million Total average cost of data breaches to involved payment firms in 2014 Sources: Capgemini Financial Services Analysis, 2015; “Global Card Fraud Losses Reach $16.31 Billion — Will Exceed $35 Billion in 2020”, Nilson Report, August 4, 2015; http://www.smartcardalliance.org/resources/pdf/CNP-WP-012414.pdf
  11. 11. 11Copyright © Capgemini 2015. All Rights Reserved Payments Domain Trends 2016 | December 2015 | Financial Services Developing Economies Are Witnessing Disruptive Innovation In Payments And Are Leapfrogging The Developed Nations Sources: Capgemini Financial Services Analysis, 2015; https://rbi.org.in/scripts/bs_viewcontent.aspx?Id=2857; http://www.mondatosummit.com/#Africa-overview/ Lack Of Access To Traditional Payments Instruments Higher Mobile Penetration Lack Of Financial Infrastructure Regulatory Measures Driving Financial Inclusion
  12. 12. The information contained in this presentation is proprietary. © 2013 Capgemini. All rights reserved. www.capgemini.com About Capgemini Now with 180,000 people in over 40 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2014 global revenues of EUR 10.573 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.

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