In terms of payments, we see that many innovations and new solutions appear almost every week. As for real changes in behavior, in terms of payment, they generally establish a decade to completely generalize, even a generation. Therefore, it should be taken into account that we are probably today at a turning point. The ruptures seem to be really difficult to neglect.
In the crisis curve, tickets and always topical pieces
The first break refers to the destination of cash, these pieces and tickets that were inevitably thought about the intention of having more use than residual (or fraudulent). The main crises that hit Mayotte and, more recently, the Iberian Peninsula recalled that electronic and digital payments become completely unnecessary when electricity is cut and terminals are collected, as well as ticket distributors, they no longer work.
Therefore, new logistics challenges are established to maintain access to species in an emergency. The countries around the Baltic Sea now go further: they expand this problem with geopolitical disorders, capable of hindering the economy of entire territories for long periods. In this context, the issue of monetary sovereignty is also made, which does not point to the military threats of the east, but explicitly, the dependence of Europe against the visa of the American giants and Mastercard.
The Nordic countries are among the lower users of species in the world: only 10% of the Finns use tickets and main pieces as the main means of payment. Therefore, these countries strive to define card payment solutions but offline. However, the use of the card decreases everywhere; for the benefit of mobile payments but not only.
Smart Telephone
This is a second important break. The phenomenon is especially striking in younger adults, generation Z, who are massively changing credit cards.
According to a study of the cash application after paying, more than half of generation Z considers that credit cards are exceeded, which cause anxiety and incompatible with their way of managing their money: “The gene generation now incorporates financial well -being in its discourse on personal well -being. Favula that helps to continue being balanced at the mental and financial level, emphasizing ease and autonomy.”
Young people distrust the debt (which does not prevent them from having a massive and more automatically and more automatically to divide payment, to the extent that it is not perceived as a loan). They don’t want to have the impression of spending money they don’t have. Already, before the return of inflation, three years ago, we had seen reflecting through Tiktok, the method of management of the budget through simple envelopes in which the species are placed by the type of expenses to come. In a situation of difficulty and uncertainty, this (very) old method seemed psychologically reassuring. Most banks and observers had found it anecdotal. But today, the psychological dimension associated with payments can no longer be overlooked.
Another completely different phenomenon illustrates it: the emergence of cross transmission payments in stable What underlines an article in Les Echos refers to the European Central Bank, to the extent that it could destabilize the financial system in the euro zone. It is true that the speed and reduced costs of the use of these crypts supported by a fiduciary currency, or raw materials, such as gold, explain that these are gradually imposed as an alternative to traditional payment systems. But one cannot stop guessing a search for protection and arbitration in the international context of the commercial war that has been opened.
Pay taking into account the economic and even geopolitical context
Our options, in terms of payment, thus integrate more and more anticipations, that is, on all fears, in terms of the evolution of the economic and even geopolitical context. This phenomenon is completely new. Until now, only security, practical convenience and the weight of habits explained that a means of payment is privileged or not.
The means of payment must now take into account a dimension of psychological comfort. Therefore, it must be supplied that its use is increasingly accompanied by tools to administer and anticipate expenses, under an optics of financial well -being. This may seem anecdotal, but, in the context of a very challenged activity, such as payments, the ruptures that we have just informed have everything of these strong signs that it continues to look too early to really take them into account that when it is too late to be among the first that, alone, they will make the most of them.
Source: BFM TV
