Worldwide Payment Strategies 2024 Predictions

This document is a research report that presents IDC's predictions for worldwide payment strategies in 2024. It outlines ten key predictions that reflect the evolving landscape of payment technologies and their implications for the financial services industry. The predictions include the anticipated minimal use of generative AI in payment processing by 2028, the increasing adoption of AI by banks to optimize payment routing, and the expected rise of real-time cross-border payments. Each prediction is supported by external drivers such as advancements in AI, the push for automation, and the need for global supply chain resiliency. The report serves as a strategic planning tool for technology leaders and their business counterparts, providing insights into the changing dynamics of the payments sector. The predictions are shaped by common drivers and highlight the importance of adapting to new technologies and standards to enhance payment processes and customer experiences.