Latest News In Digital Payment - Driving Growth With Real-Time And Recurring Payment Innovations

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A recent study by Juniper Research highlights significant growth prospects in the digital payment space, with global Account-to-Account (A2A) payment transaction values projected to rise by 113% over the next five years, reaching $195 trillion by 2030. This growth is being driven by the implementation of real-time payment systems, which are expected to facilitate new payment use cases like instant payroll and real-time bill settlements. Enhanced data sharing in real-time payments is also poised to enhance the use of AI and programmable payments, optimizing cash flow and working capital management for businesses. Furthermore, the development of recurring payment capabilities, such as Variable Recurring Payments (VRPs), is essential for the long-term success of A2A schemes, offering increased flexibility and efficiency, particularly highlighted by its adoption in markets like Brazil.

Elsewhere in the market, SoFi Technologies (NasdaqGS:SOFI) was trading firmly up 5% and closing at $29.51, near its 52-week high.

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