In our latest TI:TALKS episode, we had the pleasure of speaking with Christopher Danvers from VISA about the rapidly evolving landscape of digital payments.
We delved into innovations and trends that are shaping the future of how we transact, such as the rise of E-commerce and M-commerce. Danvers explains how the COVID-19 pandemic was a significant catalyst for e-commerce, with Visa reporting a 65% increase in non-travel e-commerce transactions between 2020 and 2022.
This shift has not only persisted but has also led to a remarkable 43% of e-commerce transactions now being conducted via mobile devices.
Danvers also touches on security innovations and digital payments. With the increase in online transactions, consumer expectations for security have never been higher.
He highlights the importance of tokenisation, which protects sensitive card information by converting it into a unique token that can only be used by a specific device or merchant.
Danvers explains how introducing VISA’s Flexible Credential solution allows users to access multiple funding sources through a single payment credential as we move towards a more consumer-centric payment landscape.
Watch the full episode below.
To find out more, check out VISA’s Digital Enablement campaign here.
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