Over the recent years, many trends have nudged merchant payment gateway providers towards diversification, especially in the areas of alternate payment methods and contactless payments. Moreover, the pandemic has only made it more conducive for eCommerce and payment diversification. Here are three rising trends that can fuel the exponential growth of eCommerce in 2022. Visit @ https://www.paymentasia.com/en/product-and-services/payment-gataway/

1. Three Important Trends for
Digital Payments for the Growth
of eCommerce in 2022

2. Over the recent years, many trends have nudged merchant payment gateway providers
towards diversification, especially in the areas of alternate payment methods and
contactless payments. Moreover, the pandemic has only made it more conducive for
eCommerce and payment diversification. Here are three rising trends that can fuel the
exponential growth of eCommerce in 2022.

3. Nowadays, mobile payments have become the de facto method for purchases and bill
payments for everyday items. The usage of paper checks, cash money, and plastic payment
cards are declining rapidly. Cash transactions and card payments will be an alien concept
for the coming generations.
The reason for this rapid bloom of mobile payments is not surprising. People always carry
their mobiles with them. It’s become a necessity in the technologically advancing world.
Because of mobile payments, people no longer have to put in extra efforts to carry a wallet
everywhere they go. Merchants and delivery guys have to no longer carry a card swiper to
process payments. With the need to maintain social distance now, it's easy to see why
people opt for mobile payments. Invest in a payment solution provider that offers mobile
payment solutions to keep your business up-to-date with this growing trend.
Trend #1: Mobile Payments

4. The idea behind “single-click” payment is that by saving your credit and shipping data
online, you can choose a product and pay for it immediately. Customers don’t have to
fill in payment forms and checkout carts for every purchase, just one click and done.
Payment data will be filled in automatically for all future purchases made. This type of
payment system encrypts your card data through a process called “tokenization.” The
token becomes a form of customer identification for further purchases. Customers can
thereafter make single-click payments if they’ve paid previously on the website.
Payment gateway providers have started to provide these payment gateways as they
are aware that the eCommerce industry is riding high on this rising trend.
Trend #2: Single-Click Payments

5. A cryptocurrency payment gateway has become one of the fastest-growing payment
methods around. Once a dark domain of web hackers and untraceable business deals,
cryptocurrency is now a mainstream payment method.
Crypto is advantageous over traditional payment methods for many reasons. The most
attractive of them is the fact that crypto relies on a “Push” payment method. This
means once the funds are transacted into your account, they cannot be charged back.
This has made crypto become more popular as it puts an end to the so-called “friendly
fraud” that's been on the rise in past years. Mainstream businesses take advantage of
crypto as their MID will not be lost while accruing a slight raise in chargebacks.
Trend #3: Cryptocurrencies

6. Like Bitcoin, cryptocurrencies are powerful financial instruments. Wealth can be
transferred immutably and in a decentralized manner. This enables the customers and
merchants who don’t have bank accounts to transfer wealth. Ensure that your payment
provider offers cryptocurrency payment gateway as cryptocurrency is well on its way
to becoming a major player in-game of eCommerce.
Take full advantage of these 3 digital payment Trends to get maximum sales and grow
your business exponentially.

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