Wiseasy, in collaboration with the Thunderbird School of Global Management, has released a comprehensive whitepaper titled “The Future of Global Payments & Fourth Generation Payment Networks (4GPN).” The paper examines how technologies such as blockchain, IoT, digital currencies, and cloud computing are reshaping the global payments landscape. Central to this transformation is the concept of 4GPN, a flexible and scalable payment infrastructure that integrates traditional tools like EMV cards with biometrics and digital currencies. Designed to meet the needs of both banked and unbanked populations, 4GPN provides secure, real-time, and mobile-first solutions that enable greater financial inclusion.
The global digital payments market is expected to grow from $10 trillion in 2024 to $32 trillion by 2033, driven by FinTech advances, regulatory momentum, and increased consumer adoption. The report highlights regional trends, including APAC’s rise of super apps and mobile-driven financial access in Latin America. It also explores AI's role in fraud prevention, account-to-account transactions, and the importance of regulatory frameworks. “Financial inclusion is not just a goal—it’s an imperative,” the whitepaper states, citing World Bank data that shows 1.7 billion adults still lack access to banking services, despite many owning mobile phones. Data from McKinsey, Statista, and other industry leaders support the report.
