How Financial Institutions Can Prepare for Green Spenders
At the start of year, Visa Consulting & Analytics (VCA) identified ten trends that are set to shape the payments landscape over 2023. Each month, we’re delving into one of these trends looking this week at how financial institutions can prepare for customers adopting sustainable payment practices.
In this paper, based on experience working with clients, Visa Consulting & Analytics expands on the second trend, consumers’ adoption of sustainable spending practices, looking at how it is impacting payments, how financial institutions (FIs) can best prepare, and the types of responses they should be considering.
We will highlight the remaining key trends month-by-month, so stay tuned for the following insights: B2B goes 3.0; Web3 technologies matter; Guarding against fraud; Mobile wallets are becoming universal; Open banking picks up the pace; Embedded finance transformation; Gig economy boom; and a BNPL shift is underway.
If you missed last month's highlight, please find the deep-dive Generation Z Sets to Work here.
For more insights, please read our full Opinion Paper. If you'd like an in-depth conversation on sustainable spending and the opportunities for your business, please contact your Visa Account Executive, or email VCA@Visa.com. Stay current with the latest payments insights from Visa Navigate CEMEA - subscribe today.
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