Payments in the Metaverse: (Almost) Everything You Wanted to Know

People spend $54 billion every year on purchasing virtual goods in what they know as the metaverse. What do they mean? Is there going to be just one metaverse or many? And why are financial institions around the world exploring different ways to establish themselves in this new value chain?

The metaverse is expected to become a lucrative source of revenue and an innovation hub for financial institutions. With this new report from OpenWay, a top-ranked digital banking and payments software provider, you will:

• Learn about the different kinds of metaverses
• Discover the role of payments and cryptocurrency in the meta-economy
• Find out what metaverse strategies financial institutions are adopting
• Get the big picture on first-mover advantages, risks, unknowns, and potential pitfalls

This report was prepared by OpenWay, a global leader in digital banking and payments software who has long worked with issuers, acquirers, and digital wallet companies to increase their revenue via innovative payment solutions deployed on-premises, in the cloud, and as SaaS.