Payment industry leaders are constantly seeking to gain a foothold in a constantly developing and shifting ecosystem and if they are one step ahead of the rest, can be revolutionary to the growth of their business.
2024 saw the accelerated sophistication of AI models, the consistent growth of payment methods such as QR codes and account-to-account payments, but there are certain regulatory policies set to come in this year that will have a profound effect on how companies must handle these practices.
In the first of a two-part series, two BPC executives shared their insights with Payment Expert on how the regulatory field will impact the payments industry in 2025, along with developments in fraud management and what lies next for Open APIs.
Payments Technology in 2025
What do you think the future of payments looks like? The payments industry has come a long way from cash and checks to the digital-first solutions we now take for granted. Today, we stand on the edge of another evolution, one driven by AI, real-time payments, and advanced fraud prevention. But how ready are banks and fintechs for the changes that will shape 2025?
In the past, payments were simple—cash exchanged for goods, with banks and financial institutions handling the rest. Fast forward to today, and the landscape is unrecognisable. Payments have not only gone digital but have become smarter and more tailored to individual needs. Yet, this transformation is far from complete. As the data-driven era unfolds, AI will not only personalise payment experiences but also tackle fraud in ways we could barely imagine a decade ago.
Now, let’s take a closer look at the numbers. The volume of non-cash transactions worldwide has grown exponentially, with key regions like APAC, Latin America, and MEA leading the charge. For example, in 2022, the global volume of non-cash transactions reached 1,202.8 billion, driven by significant adoption in Asia-Pacific and Europe. By 2028, this number is projected to increase to 2,800 billion.
The European Central Bank’s 2024 survey highlights a continued shift toward digital payments in Euro-using countries, with 75% of day-to-day payments made at POS, 21% online, and 4% person-to-person (P2P). In terms of payment value, 58% were POS, 36% online, and 6% P2P, with cards accounting for 45% and cash 39%. Similarly, in Latin America, while POS remains dominant, online payments have grown to 21% of transactions, driven by mobile wallet adoption and e-commerce expansion. Undeniably, these trends reflect a global movement toward digital-first payment ecosystems.
Now that 2024 is in the rearview mirror, what lies ahead in 2025? As the payments ecosystem continues to evolve, experts at BPC offer unique perspectives on the trends ahead. Let’s dive into these transformative predictions, grounded in BPC’s global expertise and insights.
Fraud Management

The evolution of fraud is one of the biggest challenges the payments industry will face in 2025. Social engineering scams, APP fraud, and AI-enabled attacks are becoming increasingly sophisticated. However, AI also provides a powerful countermeasure. Advanced fraud detection systems can now leverage real-time behavioural analytics, link analysis, and machine learning to combat even the most intricate fraud patterns, particularly in high-risk areas like cross-border payments.
Maxim Kuzin, Product Manager of Fraud Management Solutions at BPC, explained: “The need for real-time fraud detection is growing for enterprises as well as e-commerce. Fraud continues to rise; losses are projected to exceed $343bn by 2027.
“Leveraging AI-driven behavioural analytics and machine learning not only helps mitigate these risks but also ensures secure, seamless payment experiences for our clients. As fraud tactics evolve, AI will remain at the forefront of protecting buyers and sellers alike.”
Standardisation
Interoperability and standardisation will remain a central focus in 2025 as countries and regions strive to unify payment systems. Dynamic API integrations, open banking frameworks and ISO 20022 introduction will drive payment innovation while simplifying B2B transactions.
The implementation of ISO 20022, a unified global standard for financial-information interchange, is progressing steadily. The introduction of ISO 20022 could offer a more comprehensive and flexible messaging standard that supports a wider range of financial transactions. Unlike its predecessors, ISO 20022 accommodates a richer data set, enabling enhanced transaction transparency and regulatory compliance.
Peter Theunis, SVP Sales at BPC, commented: “Interoperability, supported by digitalisation, is key to creating value in today’s payment ecosystems. For instance in Europe, by March 2025, all high-value payment systems must align with ISO 20022, a challenge that demands technological agility, particularly for institutions encumbered by legacy systems.
“In contrast, with over a hundred neobanks and over ten thousand fintech companies in Europe, who are better positioned to adapt to ISO 20022 due to their agile architectures, traditional banks will have to seek cost-effective, future-ready solutions to remain competitive, and partner with a technological provider that offers compliant payment processing as a service is an increasingly viable option.”
Open APIs and Innovations mix

Theunis continues: “Open APIs are an essential component of modern payment systems, but they have stopped being a standalone advantage in 2025. Success now hinges on combining Open APIs with a robust ecosystem and innovative features the modern card processor provides to the market that includes low-code/no-code platforms, regulatory compliance tools, white-label solutions, AI-powered customer support and merchant next gen solutions.
“When it comes to the last point, there is an undeniable growing demand for technologies that simplify operations and enhance customer experiences. SoftPOS, for instance, is gaining significant traction, particularly in mobile-first and emerging economies. By enabling merchants to turn their smartphones into contactless payment terminals, SoftPOS offers a scalable, affordable alternative.
“The future lies in creating integrated, flexible solutions for merchants—combining SoftPOS, instant funding, and tailored customer engagement tools.”