What:  A selection of 40 start-ups involved in payments to provide a wide array of options to retailers.

Why it is important: All department stores know that their POS system is crucial to improve customer loyalty and level of service while also maximizing efficiency. Payment solutions are a key part in this process, all the more that the recent pandemic has changed a lot of mechanisms.

Coresight dedicates a report to the payment solutions currently available on the market, which are increasingly digital due to the recent Covid-19 pandemic. It is expected that the global transaction value with digital payment increases from $7.86 tr in 2022 to $10.7 tr in 2025. The report covers 40 startups and companies spanning across BNPL solutions, checkout experiences, cross-border payment solutions, cryptocurrencies and digital assets, digital wallets, payment gateways and processors, payments-linked loyalty / reward services, risk management and fraud prevention, and subscription management solutions.

In terms of overall directions, they also identify the 2 industry trends:

• Cryptocurrencies are on the rise as their use is favoured by the metaverse expansion,
• The rising inflation across the globe should also favour deferred payment tools

Retail-tech landscape: payments