Emerging trends in the payments market
In recent years, the payments market has undergone a radical transformation, influenced by factors such as artificial intelligence, new technologies and a constantly evolving macroeconomic environment. Electronic payment transactions increased significantly, with an increase of 13.4% in 2023 compared to the previous year. This trend is particularly evident in the use of payment cards, which have registered a 17% increase in the number of transactions.
These data highlight a change in consumer habits, increasingly oriented towards digital and cashless solutions
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Opportunities and risks of technological innovations
Technological innovations, such as artificial intelligence, are revolutionizing the payments industry, offering new opportunities to improve transaction efficiency and security. However, these technologies also bring with them significant risks, such as vulnerability to fraud and cyberattacks. It is essential that institutions and companies in the sector work together to develop solutions that guarantee data security and consumer protection. In addition, digital and financial inclusion is a crucial issue, as it is necessary to ensure that all generations can access these innovative services
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The Payment Fair: a reference event
From 27 to 29 November, Milan will host the ninth edition of the Payment Fair, an event that brings together institutions, banks, industry operators and startups to discuss market challenges and opportunities. With more than 400 speakers, the program includes sessions on topics such as “Payments in the future”, “Artificial Intelligence and more! The tech revolution” and “B2B payments for companies and professionals.” This event represents an important opportunity to learn more about emerging trends and regulatory news, such as the introduction of the digital euro and the transposition of the regulation on instant transfers
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