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  • Writer's pictureBruno Paz

10 trends in Payment Methods for 2024: Discovering the Financial Future




In an increasingly digital and connected scenario, transformations in the universe of payment methods are constant and directly impact the way we carry out financial transactions. As we approach 2024, it's fascinating to watch the trends that will shape the future of payments. In this article, we'll explore some of the most promising innovations that are redefining the financial experience.


1. Contactless and NFC Payments

The contactless payment technology, driven by Near Field Communication (NFC) technology, will continue to gain prominence in 2024. This modality allows consumers to carry out transactions just by bringing their mobile devices closer to enabled terminals. The convenience and security offered by this technology make it a popular choice, and more businesses are expected to adopt NFC-compatible payment systems.


2. Instant Payments and Pix 2.0

Instant payments, introduced in some countries in recent years, are expected to gain even more space in 2024. In Brazil, for example, Pix revolutionized transfers by allowing fast transactions available 24 hours a day, seven days a week. The expectation is that updates and improvements will appear, giving rise to Pix 2.0, with even more advanced and integrated features.


3. Cryptocurrencies and Decentralized Payments

Cryptocurrencies, such as Bitcoin and Ethereum, have gradually gained their place on the global financial scene. In 2024, the trend is for more companies to accept payments in cryptocurrencies, expanding options for consumers. Furthermore, the rise of decentralized finance (DeFi) platforms promises to bring a new paradigm to financial services, offering intermediary-free transactions and greater autonomy for users.


4. Contextual Payments and Artificial Intelligence

The integration of artificial intelligence into payment methods allows for the personalization and contextualization of transactions. By 2024, we can expect systems that understand shopping context and offer relevant suggestions. Advanced algorithms will be able to anticipate users' needs, providing a more fluid and intuitive payment experience.


5. Biometrics for Authentication

Security is a priority in payment methods, and biometrics emerges as an effective solution. Fingerprint authentication, facial recognition and other biometric forms will gain more prominence, replacing or complementing traditional authentication methods. This approach promises to make transactions safer and more convenient.


6. Voice Recognition Payments

Voice recognition has been gaining prominence, and by 2024, it is expected to be used to authorize and authenticate transactions. This innovative approach provides an additional layer of security and convenience, allowing users to make payments with just verbal commands.


7. Tokenization of Payment Cards

Tokenization of payment cards will continue to be a relevant trend in 2024. This practice involves replacing sensitive card data with "tokens" unique, significantly reducing the risk of fraud. Wider adoption of this technology is expected, making electronic transactions even more secure.

8. Payments in Augmented Reality (AR)

Augmented Reality will not just be limited to entertainment experiences. By 2024, payments are expected to benefit from AR, allowing consumers to transact by simply pointing their devices at objects or codes associated with payments, providing an intuitive and interactive experience.


9. Sustainable Payments and ESG

With growing environmental awareness, consumers are more likely to choose companies that adopt sustainable practices. Sustainable payments, which seek to minimize the environmental impact of financial transactions, will gain prominence in 2024. Companies that incorporate ESG (Environmental, Social and Governance) principles into their payment methods will gain consumer preference.


10. Multiplicity of Central Bank Digital Currencies (CBDCs)

Interest in Central Bank Digital Currencies (CBDCs) is growing around the world. By 2024, more countries may introduce their own versions of digital currencies, offering a safer and more efficient alternative to physical cash. The implementation of CBDCs could significantly impact the way international transactions are carried out.

Explore with us the latest trends that are shaping the future of payments, providing a comprehensive view of the innovations that are transforming the financial landscape in 2024.


KEEP AN EYE ON: It’s worth paying close attention to the following technologies for 2024:

  • Payments with Stable Cryptocurrencies (Stablecoins)

  • Smart Contracts for Scheduled Payments

  • Integrated Payments on Social Networks

  • Open Banking and Interoperability

  • Facial Recognition Payments on Mobile Devices

  • Gamification in Payments

  • Payments by Wearable Devices (smartwatches and smart bracelets)

  • Multifactor Biometric Authentication

  • Virtual Reality (VR) Payments

  • Complementary Digital Currencies (CBCCs)

These promising trends above indicate an ever-evolving financial landscape, shaped by technological innovation and the ongoing search for more efficient and adaptable solutions.

Conclusion: Towards a New Financial Era

As we approach the year 2024, payment trends outline an exciting journey towards a new financial era. The convergence of technologies such as NFC, cryptocurrencies, artificial intelligence and biometrics is redefining the way we handle money. Consumers can expect a faster, safer and more personalized experience as innovation continues to shape the future of payments. This is an exciting time to witness the transformations and embrace the opportunities that arise in this dynamic and constantly evolving landscape.


Explore with us the latest trends shaping the future of payments, providing a comprehensive look at the innovations that are transforming the financial landscape in 2024.

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