Creating A More Uniform Pace Of Payments Innovation 

While the world is becoming an increasingly digital place by the day, the progress, particularly around payments, is not always uniformly forward. The average consumer is thoroughly digital, and the average business is getting there – slowly. The good news is that advances are ever-emerging to make payments safer but faster at the same time – and in some markets, they’re catching on en masse. The less good news? There is still a lot more progress to be made ahead of the payments ecosystem.

Data:

230 million: Number of U.S. consumers forecast to be shopping online by 2021.

C$70 million: Amount Trulioo has recently raised to build an interoperable identity platform.

24 percent: Share of the average business’ monthly revenue tied up in invoices.

5: Number of seconds it takes for funds to be credited to a recipient’s account under the Dutch Instant Payments System.

3.5 percent: Amount that Darden Brands has seen its sales tick up year-on-year.