Worldwide Payments

Industry Predictions 2018 Source: IDC

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Worldwide Payments
2018 Predictions

1 In 2018, Financial Institutions Will Allocate $6 Billion to Internal

Resources to Handle Transforming Their Payment Systems.

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Worldwide Payments
2018 Predictions

2 In 2019, P2P Transactions Worth a Total of $6.0 Trillion Will Be Made

Worldwide Using Mobile Devices.

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Worldwide Payments
2018 Predictions

3
DLT-Based Networks Will Be Launched Within the Next 24 Months
in 25% of Global Transaction Banks — in Particular, to Facilitate KYC,
Accelerate Supply Chain Finance, and Drive SME Lending — But
Blockchain Payment Systems Will Not Be a Priority Area.

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Worldwide Payments
2018 Predictions

4 In 2018, More than $150 Billion Will Be Spent Through IoT and
Connected Devices.

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Worldwide Payments
2018 Predictions

5
By 2021, 75% of Enterprise Point-of-Sale Vendors Will Have Begun
Significantly Re-Architecting Their Solutions to Meet Rising
Expectations for Current Omni-Channel Capabilities and Customer
Experience Expectations.

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Worldwide Payments
2018 Predictions

6
Despite the Lack of an Equivalent Regulation to PSD2, by 2021, 90%
of Non-European Banks Will Have Moved in a Similar Direction to
European Banks in Terms of Sharing Data via APIs, But They Will
Have Done So for Competitive Reasons Rather Than Regulatory
Ones.

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Worldwide Payments
2018 Predictions

7
Corporate Banks Will Invest 15–20% More in Big Data/Analytics in
2018 than in 2017 — $2.2 Billion in Total — in Their Efforts to Move
from a Transactional to a Data-as-a-Service Business Model,
Offering Real-Time and Predictive Analytics on Fraud, Compliance,
and Scenario Modeling.

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Worldwide Payments
2018 Predictions

8
By 2019, 70% of Standalone Mobile Payment Players Globally Will
No Longer Exist in Their Current Form; Through Natural Evolution,
Mergers, and Acquisitions, Mobile Payment Players That Are
Showing Promise Today Will Have Transformed into Full-Fledged
Financial Services Ecosystems.

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Worldwide Payments
2018 Predictions

9
By 2021, All Major Payment Service Providers Will Interact with
Digital Identity Marketplaces Used by Consumers and Businesses to
Self-Govern Private Data Sharing and Use, Allowing Data to Be
Uploaded for Payment Companies to Access via a Subscription
Model.

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Worldwide Payments
2018 Predictions

10
In 2020, 25% of Card-Issuing Banks Will Use Micro-Location for
Enhanced Security Through a Combination of NFC and Beacons to
Satisfy Mutlifactor Requirements to Secure Payments, Such as at
POS and P2B.

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Trusted Partner for Digital IT, BI Analytics, Automation & Data Management
USA INDIA AUSTRALIA
1923 Bragg St #140-3219 17/1, Amblipura, Bellandur 21 Hammerwood Avenue
Sanford, NC 27330 Bengaluru Derrimut, 3030 Vic
+1-30235 14656 +91-99524 22243 +1-30235 14656 www.outsourcebigdata.com