The future of IoT payments

In 2020, the number of digital payment transactions grew to 779 billion, representing a vast acceleration in the adoption of digital payments around the world. The nature of these digital payments is also changing, as solutions come to market that can automate swift, convenient payments made from IoT devices. So what are IoT payments? In simple terms, IoT payments are payments triggered by IoT devices with a high degree of autonomy. IoT devices can include sensors, appliances, robots, drones, or other equipment.