It’s not until 2030 at least that mass adoption of driverless cars is widely expected. Despite the long wait, once the market matures, it is set to be massive. According to Renub Research, the US autonomous vehicles market will be worth $186 billion by 2030, up from $4 billion in 2021.
Essentially, autonomous cars will be a reality one day. And the opportunities, once people no longer have to drive their cars, for payments and fintechs alike, are enormous.
Driverless cars will be ready to capitalise on the ever-increasing move towards a cashless society and people’s propensity to stare at screens in order to message, shop, work and play.