New digital payment models will disrupt traditional cash or cheque payments.
The 3 trends are:
1. Emerging Payment Models Will Disrupt Traditional Payment Economics
2. Mobile Digital Wallets Will Differentiate Through Contextual Features
3. New Alternative Financial Services Will Appeal To Many Consumers
Summarized from article: Three Disruptive Payment Trends in 2013 by Denee Carrington
The 3 trends are:
1. Emerging Payment Models Will Disrupt Traditional Payment Economics
- Marketing fees replace interchange fees
- Merchants shift to closed-loop stored value cards (Ex. Starbucks)
- Payment processors offer free or low flat-fee pricing
2. Mobile Digital Wallets Will Differentiate Through Contextual Features
- Providers are integrating value-added services to e-wallets (Ex. Coupons)
- "Buy Online, Pick Up In Store"
- Mobile ordering through Paypal
3. New Alternative Financial Services Will Appeal To Many Consumers
- Feature-rich, lower-cost general-purpose reloadable prepaid cards
- Digital payment services
Summarized from article: Three Disruptive Payment Trends in 2013 by Denee Carrington