1、BEYOND CARDSThe rise of alternative paymentmethods in UK&EuropeIn partnership with Edgar,Dunn&CompanyR E P O RT20223 Foreword by Francesco Simoneschi Ecommerce is outgrowing card payments heres why 6 Introduction10 Guide to alternatives to card payments Bank transfers Digital wallets Buy now pay lat

2、er(BNPL)31 Industries where alternative payments are thriving Video gaming iGaming eLearning Wealth management 40 A European tour of alternative payments Belgium Finland France Germany Ireland Italy Netherlands Norway Poland Spain Sweden United Kingdom68 Open banking is driving the growth of card al

3、ternatives71 Build your open banking strategy with a trusted partner 72 About this reportCONTENTS2BEYOND CARDSThe rise of alternative payment Ecommerce is outgrowing card payments heres why Card payments have been incredibly successful at driving global commerce over the last century,but they werent

4、 designed for digital commerce.They were invented in the 1950s by a businessman who forgot his wallet in a restaurant.And it shows.Consider the last time you made a card payment online.Maybe you searched for your wallet.You probably had to type in your 16 digit card number,expiration date and CVV co

5、de or accept risk by trusting a website to store them(there were 574 million of unauthorised card payments in the UK in 2020,according to UK finance).Perhaps you had to confirm your identity several times(because of new Strong Customer Authentication measures,implemented badly).If you were lucky,you

6、r payment didnt fail(515%of card payments fail).And how many of your online subscriptions have been paused because of cancelled or expired cards?“As commerce continues to shift online,we need a payments system that enables innovation and businesses to flourish.”Weve gotten used to these experiences,