[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.the-future-of-commerce.com\/2020\/06\/02\/global-payment-trends\/#BlogPosting","mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2020\/06\/02\/global-payment-trends\/","headline":"Global payment trends and insights: Commerce around the world","name":"Global payment trends and insights: Commerce around the world","description":"The way we shop for goods and services around the world continues to evolve. Is your business keeping up with the latest global payment trends?","datePublished":"2020-06-02","dateModified":"2023-04-13","author":{"@type":"Person","@id":"https:\/\/www.the-future-of-commerce.com\/contributor\/patrick-ashton\/#Person","name":"Patrick Ashton","url":"https:\/\/www.the-future-of-commerce.com\/contributor\/patrick-ashton\/","identifier":424,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/946df3276a3541c70ec5fb32e985f7510200ad7c502e807c3187aae3c56e0ab4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/946df3276a3541c70ec5fb32e985f7510200ad7c502e807c3187aae3c56e0ab4?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"The Future of Commerce","logo":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","width":172,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2020\/05\/global-payments-ftr.jpg","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2020\/05\/global-payments-ftr.jpg","height":375,"width":1200},"url":"https:\/\/www.the-future-of-commerce.com\/2020\/06\/02\/global-payment-trends\/","about":[{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/","name":"Commerce","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Commerce","http:\/\/www.wikidata.org\/entity\/Q26643"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/mobile\/","name":"Mobile Commerce","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Mobile_commerce","http:\/\/www.wikidata.org\/entity\/Q1154408"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/trends-commerce\/","name":"Trends","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Fad","http:\/\/www.wikidata.org\/entity\/Q787045"]}],"wordCount":436,"keywords":["Commerce Trends","Digital Payments","E-commerce","Payment Methods","Payment Trends","SAP Partners"],"articleBody":"Current conditions have changed the way we live, work, and shop \u2014 from what we’re buying to the mechanics of how we pay. For example, the latest e-commerce boom has made online payment options more popular than ever. As consumer behavior continues to evolve and reshape how we shop for goods and services around the world, is your business keeping up with the latest global payment trends?What is driving global payment trends for 2020?How we exchange money is impacted by our culture, habits, innovations, and available technologies. And while it can vary country to country, some trends prevail on a global scale.This year\u2019s Global Payments Report explores commerce across human history and focuses on the pathways of people and payments:\u201cWe\u2019ll discover how forms of payment are woven into the exchange of goods and services, ideas and innovations, not just within their respective countries, but as they transcend borders and boundaries to make global commerce possible.\u201dTake mobile wallets for example. They continue to transform point of sale payments and their adoption continues to increase globally. It’s expected that over one billion shoppers will make a digital or mobile wallet payment in 2020.Beyond the surge of digital commerce brought on by COVID-19, younger generations are transforming the way we pay. Merchants are exploring new payment methods to keep up consumer preferences, such as selling direct through social media. Now brands can not only engage in conversations with customers, they can also drive sales conversions.Reducing friction and minimizing the time it takes to purchase leads to increased sales and a better overall customer experience. Avoid abandoned carts by making it as easy as possible for customers to pay for your goods and services. That means ensuring secure mobile checkout, accepting digital wallet payments, and offering flexible financing options.What kind of payment methods are you offering? Are you meeting your customer\u2019s wants and needs? Did you know that cash is set to make up just 18.7% of the global point of sale market by 2023?How about that \u2018buy now pay later\u2019 is the fastest growing online payment method in Australia, France, Japan, Netherlands, and the UK?Commerce connects us. But effective global commerce requires consideration of payment preferences on a local level, from local currencies to alternate payment methods. Stay on the forefront of the desired payment offerings so your next new sale isn\u2019t lost at checkout.Keep up with the latest payment trends and market predictions to deliver the shopping experience your customers expect.  Digital selling.Interactive reports.Better outcomes.Try out the future of sales for free\u00a0HERE."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2020","item":"https:\/\/www.the-future-of-commerce.com\/2020\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"06","item":"https:\/\/www.the-future-of-commerce.com\/2020\/\/06\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"02","item":"https:\/\/www.the-future-of-commerce.com\/2020\/\/06\/\/02\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"Global payment trends and insights: Commerce around the world","item":"https:\/\/www.the-future-of-commerce.com\/2020\/06\/02\/global-payment-trends\/#breadcrumbitem"}]}]