01/09/2023

Digital Payment Trends in 2023

Digital payment adoption and usage ticked up during the pandemic

Payments have become a focal point for merchants and consumers alike over the past three years.

Digital payment adoption and usage ticked up during the pandemic and retailers were faced with swiftly adapting to these new payment practices to stay afloat amid the turmoil. Many other merchants were able to adjust to these new practices and flourish.

The largest impact can be seen on the retail market. Even as consumers have returned to in-person shopping, they aren’t ready to give up the convenience of digital payments. Instead, consumers are opting for digital payments over traditional cash and credit card options and it’s a trend that will continue to grow in the coming year.

Please select this link to read the complete article from OSAP Member i3 Merchant Solutions.