If you’ve ever purchased an item online, then you probably also paid for it digitally. The explosion in e-commerce has led to a surge in online payments as more people transact through the internet. This growth trend was already intact before the pandemic hit, but this crisis has accelerated the digitalisation of the industry by two or three years. As more people stay home due to movement restrictions and lockdowns, they also end up transacting online more often. Data usage has been on the rise with rising smartphone ownership, and this trend has been the most obvious in emerging markets where current penetration remains low. In addition, technological advancements such as 5G networks are helping to boost demand for online services as connectivity improves by leaps and bounds. These tailwinds are set to boost the online payments industry even after the pandemic has passed. The online payments market is expected to grow at a compound annual growth rate of 13.7% from 2021 to 2026....