The COVID-19 pandemic discouraged contact, accelerating the switch to cashless transactions and making the payment experience more standardized. Consumers nowadays are more inclined toward payment processes working as fast and efficiently as possible.
The digitalization of payment services and rising e-commerce businesses have driven the outsized growth of payment companies over the past few years. The global digital payments market is estimated to reach $19.89 trillion by 2026, growing at a CAGR of 24.4%.
