Search
 
Analysis

What Will the Payments Landscape Look Like by 2021?

Covid-19 notwithstanding, three factors will continue to drive changes in the nature of corporate payments, and treasurers should begin to take action this year.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Spurred by surges in both the volume and complexity of the payments they manage, corporate treasurers entered 2020 with a heightened appetite for innovation. Our world now looks markedly different, and businesses face a slew of new and unexpected challenges brought on by Covid-19. Cash and liquidity have taken center stage—and for good reason. But 2020 will likely remain a transformative year for payments.

Even as the pandemic slows global and intraorganizational expansion, payment practices and technologies continue to adapt quickly, and they warrant companies’ attention in the near term. From the rise of real-time payments to open banking and application programming interface (API)–based settlement networks, to SWIFT gpi, the payments landscape will undergo transformations across multiple fronts as we get deeper into the year.

Here are three key shifts that corporate treasurers should consider leveraging as the payments landscape evolves throughout 2020, and as corporates’ world—along with everyone else’s—inches back toward normalcy:

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

Strengthen Your Cash Position in the Covid-19 Crisis

Craig Bailey, Angela Caswell-LaPierre & Sean Kracklauer |

How to get started with working capital improvements to free up corporate liquidity, both for surviving the crisis and improving cash management in the longer term.

Managing Working Capital Through the Crisis

T&R Staff |

As companies attempted to shore up liquidity amid the pandemic, the cash conversion cycle lengthened 13 percent. Here’s how to look at payables and receivables going forward.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.