The increased levels of innovation and interconnectivity in banking and payments have resulted in an ever-expanding range of transactional possibilities, and are notably triggering a rewiring of the entire commerce experience. Several trends will drive developments in consumer payments in 2016, including increased competition in the mobile wallets space, the rise of social commerce, and the issuance of more explicit rules and guidelines for online and mobile payment security. Payment providers will have to react by enhancing their propositions, keeping abreast of new standards, and exploring the opportunities social commerce presents.
Strong emphasis will be placed on positioning mobile wallets as a mainstream alternative to cash and cards, with building merchant acceptance levels a top priority in the near term. Registration incentives, and usage rewards will be commonly used tactics to drive consumer uptake within the space.
Regulators and industry standard-setting bodies will issue more explicit rules and guidelines for online and mobile payment security. The sharing of cyber security threat data between the government and businesses will form a crucial part of fraud prevention strategies going forward.
Social media commerce will evolve from a concept to a reality over the next few years. 2016 will be a critical turning point for the space as it goes through the �proof-of-concept� stage. Social media providers will ramp up their efforts to host a more streamlined and targeted shopping experience for both online and real world transactions.
2016: Key Trends in Consumer Payments informs key stakeholders across the payments ecosystem of the main developments emerging across the industry and how best to respond to these changes. Specifically the report examines developments across a number of areas from regulation, to product and service trends, and infrastructure development. It crucially draws on our 2015 Consumer Payments Insight Survey to provide fact-led insight, and reviews key developments tracked in our Consumer Payments Competitor Tracker.
Reasons To Buy
Identify the most important trends that will affect consumer payments in 2016.
Assess the impact of competitive, consumer, and technological developments on the consumer payments industry.
Consider what actions need to be undertaken to exploit these trends and stay ahead of competitors.
2016 Key Trends in Summary
Critical Success Factors
2016 Key Trends in Detail
Single User License:
Corporate User License:
Reserve Bank of India
Payment Association of South Africa
European Banking Authority
National Cyber-Forensics & Training Alliance
Mobile Wallets, Digital Wallets, Payment Cards, Debit Cards, Credit Cards, Social Media, Social Commerce, Contextual Commerce, Cyber-security, Malware, Phishing, Biometrics, Risk-based Analytics, One-time Passcodes, Network And Information Security Directive, Cyber Security Information Sharing Act, National Cyber Security Protection Advancement Act, Payment Services Directive, Psd2, Pos Terminals, Authentication
select a license
NEWSLETTER BY CATEGORY
The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements.... "Senior Associate, Booz Allen Hamilton"
This is with regards to your report on India PVC pipes and fitting market outlook industry outlook to 2019. This is a very well written report and accept my compliments on the same.... ... "Mohit Mittal, Consultant, KPMG Advisory Services"
I am pleased to see the very useful and productive information in the report..Very well structured great presentation reflect professionalism in your research studies.... "Mustafa Masood, Financial Analyst , Coldwell Banker Riyadh"
While we still are studying and analysing your reports about Vietnam & Thailand, we would like to convey to your research team that they have done a very good job in compiling so much of information together. We hope to see more of such well researched reports. All the best & keep it up. ... "Prashant Bhagwat,General Manager, Mahindra"
We would like to appreciate Ken Research for their great efforts and wonderful support in providing the Market Intelligence Report for ITPC. The information, statistics and research are well understandable and very clear to the point. We are happy with Ken research for their good client service, on-time delivery of the report and as said the report itself. Thank you Ken research for bringing the valuable output for us. We would be looking forward to have more research with you in the near future. Wish you a success in your business!... "Jestin Mathew, Indonesian Trade Promotion Center"