A New Approach For Modernizing Payments In Banking

A New Approach For Modernizing Payments In Banking

A New Approach For Modernizing Payments In Banking, a PYMNTS collaboration with Red Hat and Temenos, is a research-based report examining the trends transforming retail commerce and how these shifts are creating new challenges and opportunities for banks. The report aims to offer banks a roadmap to help them gain the technical capacity to support digital payments in all their forms.

Inside the February Report

  • $6.7 trillion: Estimated global value of digital payments in 2021
  • 45 percent: Share of U.S. consumers who have shifted to digital channels for retail product purchases since the pandemic began
  • 90 percent: Portion of U.K. population no longer regularly paying with cash today

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