You might think there are more pressing business concerns than digitalizing payments. But 20% of companies think it is the “most important” challenge to business operations. Another 28% think it’s “important.”1 Where do you stand?
If you’re still not convinced, consider some compelling reasons why you should fully embrace digital payments.
66% of adults worldwide make or receive digital payments.3
36% of companies still make B2B payments by check4 — one of the top methods (66%) for perpetrating fraud against businesses.5
What is the future of digital payments?
The digital payments market will be valued at $15.27 billion by 2027 — a CAGR rate of 12.38%.6
U.S. digital commerce users will generate an average of more than $3,000 per transaction in 2025.7
You can’t afford to miss out on digital payments’ perpetual growth. Contact Synovus Treasury & Payment Solutions, your Treasury Consultant, or Relationship Manager to learn more about our modern, flexible payment solutions.
Important disclosure information
Disclosure: This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, -nancial or investment professionals based on your speci¬c circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.
PYMNTS.com, “Reframing Anti-Fraud Strategy,” June 2022
McKinsey & Company, “New Trends in US Consumer Digital Payments,” October 26, 2021
The World Bank, “COVID-19 Drives Global Surge in Use of Digital Payments,” June 29, 2022
You are about to leave the Synovus web site for a third-party site
Third-party sites aren't under our control, and we are not responsible for any of the content or additional links they contain. We don't endorse to guarantee the goods or information provided by third-party sites, and we're not responsible for any failures or inaccuracies. Third-party sites may contain less security and may have different privacy policies from ours.