Don’t just turn on payments, transform the way you do business
- Generate New Revenue By adding or expanding payment offerings to your solution, you can start earning higher monthly and transaction-based recurring revenue.
- Offer the Power of Choice Allow merchants to choose from 125+ shopping cart integrations and 200+ processor options to streamline their onboarding.
- Seamless White Labeling Make the platform an extension of your brand by adding your logo, colors and customizing your URL.
237,000+
Connected devices
300+
EMV device certifications
$200B+
Payments volume
2.3B+
Transactions
Running the Numbers_
69%
of consumers are excited to try new payment technologies
Running the Numbers_
69%
of consumers are excited to try new payment technologies
50%
of merchants use a software vendor as their payment provider
3x
increase in Gen Z’s global share of retail spend by 2030
30%
of companies report using AI to enhance their product offerings
25%
of Americans are comfortable using biometric payments
What’s Ahead for Payments in 2024?_
With a wealth of experience, our leaders are deciphering the current economic, market and regulatory trends to provide insights on what it all means for the future of payments. Their 2024 predictions cover monetization opportunities, customer preferences, the impact of AI and evolving regulations. Here’s how they see it evolving in specific:
1. Biometric payments gain consumer trust and wider adoption, and 25% of Americans already say they’re comfortable with using biometric payments
2. Digital omnichannel commerce becomes table stakes for merchants, as 69% of consumers say they’re excited to try new payment technologies
3. Increasingly complex government regulation creates challenges and opportunities, as multiple regulatory changes are either imminent or in development
4. Embedded payments and finance emerge as key channels, with 50% of merchants already using a software vendor for payments
5. Gen Z takes the lead in driving industry trends and growth, as their spend is set to triple by 2030
6. Artificial intelligence (AI) becomes a critical payments technology, with 30% of companies already using it to enhance their offerings
See What Our NMI C-Suite Is Saying_
Vijay Sondhi Chief Executive Officer, NMI
On Security & Gen Z
Security and reliability will continue to be critical, even as payments become simpler on the surface. In the past, data and transactional security were assumed to be a given. That is no longer the case. Not only is there an increased risk of data breach, but young consumers, like Gen Z, are very cognisant of security. As digital natives, they have to be. In 2024, we need to lock down security and clearly communicate the steps we are taking.
See What Our NMI C-Suite Is Saying_
Vijay Sondhi Chief Executive Officer, NMI
On Security & Gen Z
Security and reliability will continue to be critical, even as payments become simpler on the surface. In the past, data and transactional security were assumed to be a given. That is no longer the case. Not only is there an increased risk of data breach, but young consumers, like Gen Z, are very cognisant of security. As digital natives, they have to be. In 2024, we need to lock down security and clearly communicate the steps we are taking.
Empowering Partners to Thrive_
Understanding what’s likely to come in 2024 ensures that our partners—and companies at all levels of the industry—can plan ahead and take advantage of the many opportunities the new year is poised to offer.
