Predictions Report

Predictions 2022: Payments

Expect To See Eye-Watering IPOs And A Resurgence Of QR Codes And Wallets

November 1st, 2021
Lily Varon, Principal Analyst
Lily Varon Principal Analyst
Meng Liu, Senior Analyst
Meng Liu Senior Analyst
Jacob Morgan, null
Jacob Morgan
With contributors:
Oliwia Berdak , Pushpa Marwal , Nicola Shorten , Sam Bartlett

Summary

The payments industry had a strong 2021, a beneficiary of the pandemic through the rapid online digitization of business. 2022 will see that growth continue, with some major IPOs, further consolidation in the payments space, and a pivot to B2B payments innovation. In 2022, expect to see eye-watering IPOs and a resurgence of QR codes and wallets. “Buy now, pay later” (BNPL) will continue to put cards under pressure, and in some countries, banks will call time on P2P payments.

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