The world of payment is constantly evolving, and 2024 is no exception to the rule with the emergence of ever more innovative and practical solutions. In this article, we will explore the top 5 current payment solutions, highlighting their characteristics and presenting you with some major players in each category.

Top 5 payment solutions in 2024

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Electronic wallets

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"Innovation at your fingertips

Electronic wallets, also called e-wallets, are mobile applications or online services that store payment information and carry out transactions in a few clicks.

Examples of solutions:

• PayPal: A global leader with a presence in over 200 countries, PayPal offers an optimized user experience and great security.
• Apple Pay: Integrated into the Apple ecosystem, it allows fast and secure payments, directly from your iPhone or Apple Watch.
• Google Pay: Available for Android users, this solution turns your smartphone into a real electronic wallet.

Benefits: Enhanced security, speed, ease of use.

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Instant payment

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"Pure speed

Instant payment allows transactions to be carried out in real time, at any time of the day or night.

Examples of solutions:

• Sofort: Widely used in Europe, Sofort allows direct and immediate payments from your bank account.
• Trustly: This solution offers secure instant payments in many countries.
• SEPA Instant Credit Transfer (SCT Inst): A European standard that facilitates instant transfers in euros.

Benefits: Extreme speed, 24/7 availability, banking integration.

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Blockchain and cryptocurrencies

"The future of transactions

Using blockchain technology, cryptocurrencies offer a decentralized and secure payment method.

Examples of solutions:

• bitcoin: The first and most famous cryptocurrency, accepted by a growing number of traders.
• ethereum: More than just a currency, Ethereum also makes it possible to create smart contracts.
• Litecoin: A faster alternative to Bitcoin, with generally lower transaction fees.

Benefits: Security, transparency, independence from traditional financial institutions.

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BNPL payment solutions

"Buy now, pay later

Buy Now, Pay Later is a payment model that allows you to spread the payment of a purchase in installments.

Examples of solutions:

• Klarna: Allows you to postpone the payment or to divide it into several parts at no cost.
• Afterpay: Offers the option of paying in four interest-free installments.
• Alma: French solution that allows you to pay in several installments, online and in store.

Benefits: Flexibility, increased purchasing power, ease of access.

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Smart payment terminals

"Beyond the transaction

These terminals go beyond simply accepting payment, offering advanced features to help manage your business.

Examples of solutions:

• Square: Offers a range of modern terminals and a comprehensive platform to manage your business.
• SumUp: Mobile solution with easy-to-use terminals and no monthly fees.
• iZettle (Now part of PayPal): Offers payment solutions for small merchants, with a focus on simplicity and efficiency.

Benefits: Multifunctionality, accessibility, data and insights for retailers.

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Conclusion

In 2024, payment solutions are more diverse and innovative than ever, offering consumers and businesses a multitude of options to complete their transactions. Whether you are looking for speed, flexibility, security or innovation, there is a payment solution made for you. Explore these options, assess their benefits, and adopt technology that will transform your payment experience.

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