Cross-border payments transformation
Fintech seeks to optimize internal processes and reduce costs. Financial companies are introducing new business models that helps make cross-border payments faster and cheaper. This trend is aimed at meeting the needs of people making purchases from international retailers and e-commerce that requires international money transfers is driving this transformation.
Payment Systems and Innovations
Fintech is utilizing cutting-edge technologies. One of the trends in fintech in 2025 will be trying to stay relevant among the competition and businesses must embrace modern payment solutions like crypto, to ensure they remain relevant. They will have to create modern payment systems and products with an eye on customers.
The popularity of cryptocurrencies and blockchain systems is growing and you can make the most of these technologies to catch up with the new advanced companies. Keep in mind that not all governments approve crypto payments and seek to regulate this sphere to make it transparent and secure.
Consumer and Payment Security
Digital payments requires an additional level of security and online fraud prevention. According to Statista: in 2022, the global e-commerce market lost more than $41 billion to criminals, it loses over $30 billion around 2023, it risks losing another $48 billion in the last year of 2024.
As people move away from cash and make more purchases online, companies must take extra care to remain secure, while complying with local laws and using advanced security protocols.
Transparency of Payments
Fintech institutions want to remain transparent, as this attracts users and increases trust. The trend in 2023 and 2024 will be not only to maintain the existing level of transparency but also to make loan pricing more clear to consumers.
Credits and lending are popular right now because of the macroeconomic environment, so it’s increasingly important to introduce technology that will protect people from getting into bad debt. Inflation and the cost-of-living crisis are challenges that Fintech firms will have to deal with, in order to gain trust they should build upon transparent systems and technologies.
Green Fintech
Fintech embracing “green” development has grown over the last year, however many analysts still say it won’t be fully formed for another 5 to 10 years. The trend will accelerate if regulators and society demand that ESG (environmental, social, governance) sustainability parameters be used to influence funding decisions.
Governments are increasingly adopting carbon-neutral programs, fintech and banking industries are evolving, and potential investors are attracted by green projects. An example of a green fintech solution we created at KaboCash is a carbon accounting platform for controlling CO2 emissions.
Fintech Visualization
As far as KaboCash Technologies is concerned, we are committed to ensuring the company delivers high quality and efficiency for everyone. Reason being, we are fully committed to reshaping our products and service delivery capabilities. At the moment, we’re focused on building a sustainable business model where we are focused on providing more features into our products. Not only sending and receiving money across countries where we are supporting. But to provide a space for basic daily subscriptions: Buying the Airtime and Data, DSTV subscription, and most importantly issuing the Virtual USD cards for online purchases.
