Shopping habits have changed more than ever in recent years, whether due to consumer behavior or the need to adapt to an uncertain future and the social health situation that does not stop changing.

Therefore, companies must be ready to respond to consumers who are looking for an easy, fast and personalized shopping experience. At Sipay, we want to help businesses stay abreast of changes by keeping them informed of some of the trends we’ll be seeing in the coming months.

Face and voice payments

A few years ago we saw the option of unlocking the phone with just our face as unthinkable but today it is a common practice that users engage in in their daily lives.

The advent of biometrics, which greatly facilitates the performance of various tasks, is also present in payments, as Apple Pay or Google Pay allow users to authenticate themselves via facial recognition to make purchases.

Similarly, in recent months we’ve seen how some supermarkets and businesses, especially in the United States, have started allowing payments via facial recognition, so hopefully this will soon become a common practice in other countries.

The other major advance we’ve seen lies in the massive revolution of virtual assistants like Alexa or Siri, which are already being used to make transfers between people or pay by card. According to a study by Business Insider Intelligence, 8% of American adults have used some form of voting payment.

Therefore, sooner or later, consumers will often use the phrases “I want to buy this product” or “I will pay with Google”. This last company has developed a payment program hands free, which allows users to pay by saying these words. Establishment staff need only ask for the consumer’s initials and verify their identity through a photo that the consumer must add to the program. In this way, the payment amount will be automatically debited from the customer’s account.

All of this means progress for the business, not only in the area of ​​modernization, but also in the area of ​​simplicity.

Deletion Check

Undoubtedly, one of the most tedious aspects for the user consists of the process Check, both in physical and online trading. The first, because you generally have to wait in long queues to buy goods, and the second, because you have to enter large amounts of data and do additional verification processes that slow down the process.

In the UK, for example, there are already supermarkets that record through surveillance cameras all the items consumers buy and charge a set amount when they leave the store. All this is possible due to the previous registration of customer card data. That tokenization will play an important role to be able to see this initiative in the future regularly.

On the other hand, and follow this trend, for example, transport companies uber has started billing its customers online, allowing users to book trips and have their bank accounts automatically billed at the end of the trip.

Able to manage purchases without having to do the process Check Undoubtedly, it will be a paradise for all sellers, as it will not only provide consumers with faster speeds, but will greatly reduce their speeds. painful pay.

Payouts on metaverse

Initially, the metaverse was defined as an environment for playing virtually against other players or against the machine itself. What initially appeared as a virtual world for entertainment, over the months developed into a parallel world consisting of avatars adjusted, for example with clothing.

The huge evolution of this technology has led companies to want to be a part of this project, replicating their current business model in a virtual shop window. Therefore, the metaverse has gradually become a metamarkets where businesses can sell their products.

In short, there is no doubt that in order to acquire and meet these new demands, payment methods must be developed which guarantee a secure environment and, in a short time, will form the basis of the payment sector system.

Since sipaya payment service provider, we are committed to technology as an engine of innovation and we are constantly evolving so that payments are a way to build a safe environment according to new trends and regulations, and create unique experiences according to consumer needs.